Which of the following benefits comes from specialization?
a. Prices for scarce resources are lowered.
b. The best use is made of limited resources.
c. Opportunity costs are lowered for workers.
d. Workers are inspired to reach their potential.
b. The best use is made of limited resources.
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Suppose market demand facing a monopolist is given by 
. Then the monopolist's marginal revenue curve (in the absence of price discrimination) is
A.
B.
C.
D.
E.
F.
By making exchange ________, money allows for ________ and higher ________
A) harder; specialization; costs B) easier; specialization; productivity C) easier; specialization; costs D) harder; generalization; productivity
What is the formula for the aggregate demand curve?
a. S + T + I + X – M b. C + T + G + X – M c. C + I + G + X – M d. S + I + G + X – M
What impact do private insurance companies and Medicare have on national medical costs?
A. Medical costs go down because the insurance company pays the bill. B. Medical costs go up because insurance leads to an increase in the quantity demanded of medical services. C. Medical cost are unaffected by insurance companies. D. Medical costs go up because insurance will lead to the reduction in the supply of medical services due to the amount of paperwork required.