Which of the following would help to avert a healthcare crisis?
a. requiring employers to pick up 100 percent of the healthcare costs for their employees
b. discouraging medical savings accounts since these provide additional funds for medical care, and therefore, they are likely to drive up medical prices
c. discouraging the purchase of health insurance plans with small co-payments
d. structural changes that would increase the competitiveness of the health insurance and medical services markets
D
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Technological change that affects the marginal products of high-skilled and low-skilled workers differently is called ________ technological change.
A. marginal-productivity B. capital-labor C. high-low D. skill-biased
Your textbook authors argue that the redemption efforts to free Sudanese slaves
A) generally succeeded until the government stepped in and created unintended shortages. B) worked poorly because slave surpluses became rampant. C) unintentionally increased profitability and slave supply. D) proved that underground markets do not coordinate the plans of participants.
There is a positive relationship between the quantity of reserves supplied and the federal funds rate
a. True b. False Indicate whether the statement is true or false
Refer to Scenario 9.3 below to answer the question(s) that follow. SCENARIO 9.3: Investors put up $520,000 to construct a building and purchase all equipment for a new restaurant. The investors expect to earn a minimum return of 10 per cent on their investment. The restaurant is open 52 weeks per year and serves 900 meals per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly). Included in the fixed costs is the 10% return to the investors and $1,000 per week in other fixed costs. Variable costs include $1,000 in weekly wages and $600 per week for materials, electricity, etc. The restaurant charges $5 on average per meal. Refer to Scenario 9.3. Total fixed costs per week are
A. $1,000. B. $2,000. C. $3,000. D. $4,500.