Total health care spending in the United States was over $2.6 trillion in 2013
Indicate whether the statement is true or false
TRUE
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A crowded beach without an entrance fee is a ________ good.
A. private B. public C. commons D. pure public
The consumer price index is based on
A. a basket of intermediate goods typically purchased by firms as inputs in the production process. B. a basket of goods and services purchased by a typical urban family. C. a basket of goods that consists of every item included in the nation's GDP. D. None of the choices are correct.
What do economists call movements of labor and capital between nations?
What will be an ideal response?
The short-run aggregate supply curve represents circumstances where:
A. both input and output prices are fixed. B. both input and output prices are flexible. C. input prices are fixed, but output prices are flexible. D. input prices are flexible, but output prices are fixed.