B) -3.
C) 1/3.
D) -1/3.
E) 9.
A. overcome adverse selection in the market for health insurance.
B. help to reduce the cost of health care.
C. keep premiums lower than if healthy people could opt out.
D. All of these statements are true.
Answer: D
Trade allows all countries to achieve greater prosperity
a. True b. False Indicate whether the statement is true or false
In general, when the quantities of a complementary resource are increased, the productivity of the other resources
A. rise. B. fall. C. remain the same.
The oligopoly model in which each firm assumes that rivals will continue to produce at their current output levels is called the:
A. Chamberlin model B. Bertrand model C. Cournot model D. Stackelberg model
Tennis balls and tennis rackets are complements. If a 3 percent change in the price of a tennis racket leads to a 9 change in the quantity of tennis balls demanded, the cross elasticity of demand equals