Which of the following provides health-care coverage to people age 65 and over?

A) Medicaid B) Social Security C) Medicare D) Health-Aid


C

Economics

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If the FOMC decides to engage in the selling of government bonds, what is the effect on the money supply?

A) a decrease B) an increase C) an initial increase followed by an additional rise when the bonds mature D) no change

Economics

What is a household's choice set or opportunity set?

What will be an ideal response?

Economics

Suppose you were working for Richstone's bakery and calculating whether the bakery was making a profit, considering the recent increase in rent. You have the following data: P = $20, AVC = $10, AFC = $10, and quantity of birthday cakes produced a day is 20 . You conclude that the bakery ends up at the end of the day with a

a. loss of $10 b. profit of $10 c. loss of $20 d. no loss, no profit e. loss of $40

Economics

If you are a sole proprietor of a firm and you do not pay yourself a regular wage, then the value of the wage you could have earned elsewhere is

A. an explicit cost. B. an accounting cost. C. an implicit cost. D. not a cost.

Economics