Medicare's costs have
A. risen, but only with inflation.
B. risen on a per capita basis, even accounting for inflation.
C. risen, but at a rate less than inflation.
D. actually fallen on a per capita basis.
Answer: B
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Encouraging international trade will
A) slow economic growth as many workers lose their jobs to foreign workers. B) speed economic growth as workers specialize and trade with others. C) speed economic growth because international trade limits the harm done by property rights. D) slow economic growth when a country is forced to specialize and trade with other countries. E) speed economic growth as workers diversify their knowledge and limit trade.
A variable cost function of the form: VC = 52 + 2Q + 3Q2 implies a marginal cost curve that is
A) constant. B) upward sloping. C) U-shaped. D) quadratic.
Which of the following is most likely to affect the supply of labor in any particular industry?
a. the size of the available working population b. the nonmonetary attractiveness of the job c. the amount of ability and training necessary to enter the job d. all of the above
The problem of political instability has been greatest in which continent?
A. South America B. Europe C. Asia D. Africa