Medicare
A) subsidizes the care of older people, which gives them NO incentive to consume more medical services.
B) subsidizes the care of older people, which gives them an incentive to consume more medical services.
C) subsidizes the care of young people, which gives them an incentive to consume less medical services.
D) subsidizes the care of middle aged people, which gives them an incentive to consume more medical services.
B
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What is the most common reason people demand money?
A) Each bill and coin is a reflection of important people and events in a nation's history. B) Since very few of us engage in a flow of transactions, money is our financial safety net. C) People desire to use money as a medium of exchange when they buy goods and services. D) They demand money to ensure that the nation's government will not spend too much.
The domestic real interest rate in a small open economy is
A) determined by the intersection of the supply curve and demand curve for loanable funds in the country. B) equal to the world real interest rate. C) the same as its nominal interest rate. D) determined by the total value of net exports in the country.
In the tourist-trap model, a consumer might pay more than marginal cost for a good sold in a competitive market if the cost of possibly finding the good cheaper is more than the markup over marginal cost
What will be an ideal response?
Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.
Figure 1.3Refer to Figure 1.3. The slope of the line between Points B and D is
A. -3. B. -0.33. C. 0.33. D. 3.