Which country has the highest per capita health care expenditures in the world?

Which of the following is an example of a natural experiment?

A) A research on the effectiveness of a new medicine among some voluntary participants B) A study on the benefits of regular exercise by paying for the membership fees at fitness clubs for one-half of the participants C) A laboratory research on the effectiveness of solar power as an alternative source of fuel D) A research on the effect of air pollution on lung disorders by observing the health conditions of people who stay close to industrial areas and those who stay away from industries

Which of the following statements applies to a monopolist but not to a perfectly competitive firm at their profit-maximizing outputs?

A) Average revenue equals average cost. B) Marginal revenue is less than price. C) Price equals marginal cost. D) Marginal revenue equals marginal cost.

Which of the following statements best describes the domestic beneficiaries of international trade?

a. Over time, the average person gains from international trade as a worker, but not as a consumer. b. Over time, the average person gains from international trade, both as a worker and as a consumer. c. Over time, the average person gains from international trade as a consumer, but not as a worker. d. Over time, the average person does not gain from international trade, either as a worker or as a consumer.

Using Figure 3 above the distance between what 2 lines illustrate an inflationary output gap?

A. Y2 to Y3 B. Y1 to Y2 C. PAE1 to PAE2 D. PAE2 to PAE3