The figure above shows the market for annual influenza immunizations the United States. Area A + Area B is the
A) deadweight loss when there is not the illustrated subsidy.
B) loss in efficiency from the illustrated subsidy.
C) gain in efficiency from the illustrated subsidy.
D) remaining deadweight loss when there is the illustrated subsidy.
E) equilibrium with the illustrated subsidy.
A
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Dumping can never be a profit maximizing strategy for a firm to follow
Indicate whether the statement is true or false
The general trend in health care policy during the twentieth century has been _____
a. towards preventing the spread of communicable diseases b. towards ensuring that pharmaceuticals and physicians are well-regulated c. focused on general health care expenditures d. focused on general public health issues
Most economists believe that
a. speculation on financial markets reduces their efficiency and should either be abolished or heavily regulated. b. speculation on financial markets does not need to be regulated because it has been largely eliminated by regulations on program trading. c. speculation socially benefits financial markets but harms nonfinancial markets. d. speculation helps both financial and nonfinancial markets function more efficiently.
For a normal good, an expected increase in income would: a. shift demand to the right
b. shift demand to the left. c. increase the slope of the demand curve. d. decrease the slope of the demand curve.