In the United States, health care spending on people ________ is six times greater than on people ________
A) under age 3; over age 65 B) over age 65; aged 18 to 24
C) aged 18 to 24; 25 to 44 D) over age 65; aged 25 to 44
B
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The government can continuously issue new bonds to pay the interest on its outstanding bonds so long as
A) the real GDP growth rate exceeds the real interest rate. B) the real interest rate exceeds the real GDP growth rate. C) the real interest rate exceeds the nominal interest rate. D) the nominal interest rate exceeds the cost of borrowing.
A graphical representation which shows the trade-off that occurs when more of one output is obtained at the sacrifice of another is called
A) a Laffer Curve. B) a production possibilities curve. C) a bell curve. D) a supply curve.
A country that experiences a large deficit in the merchandise trade account should always aim at eliminating this trade deficit by adopting strict foreign trade policies
a. True b. False Indicate whether the statement is true or false
A minimum wage
A. increases the number of unskilled workers who are employed. B. increases wages to all unskilled workers. C. increases the wages paid to unskilled workers who are employed. D. increases cyclical unemployment.