Hospital spending in the United States
A. still accounts for the largest share of healthcare spending.
B. has risen as a share of the total since 2000.
C. is about six times as large as total nursing care and retirement facility expenditures.
(D.) All of the above
(D.) All of the above
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The productivity standard says
A) that everyone should have exactly the same income. B) that the age-earnings cycle should determine income. C) that people should be compensated on the basis of what they produce. D) that people should be compensated on the basis of their need.
Since 1960, real GDP has fluctuated to some extent; however, there has been virtually no overall growth when the entire time span is considered
a. True b. False
Perfect competition leads to ______ than does a monopoly.
a. lower output b. higher prices c. lower prices d. slower output
There are ten states in the democratic nation of Katlandia, and each state has ten thousand residents. Although incomes vary, each Katlandian pays a tax equal to the total cost of all government projects divided by the number of residents in the country. Currently, two states each have one army base. An army base adds $2 million to a state's local economy each year. In addition, in terms of increased security, the annual marginal benefit to Katlandia of having an additional army base is shown below. The total cost of an army base is $8 million per year.
Suppose the department of defense proposes to build a third base in the state of New Porkswick. Apart
from the value of the additional security to the nation, the state economy will benefit by ________ per resident, and each resident's taxes will increase by ________. A. $20; $80 B. $200; $80 C. $200; $800 D. $20; $800