When comparing the gap in measured health care outcomes between the United States and Canada, the U.S. health care system stacks up poorly in terms of life expectancy and infant mortality
Much of that gap can be attributed to which of the following occurrences in the United States? A) obesity
B) accidental deaths
C) low-birthweight babies
D) a combination of all of the above
D
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The use of vouchers for education
A) decreases the demand for education and increases the equilibrium quantity. B) increases the demand for education and increases the equilibrium quantity. C) increases the deadweight loss for those who can't afford schooling. D) decreases the quantity provided to the efficient level. E) decreases the demand for education and decreases the equilibrium quantity.
What are price controls? How do they affect a market?
What will be an ideal response?
The Amsterdam flower market is
a. an example of an open outcry auction market b. an example of a Dutch auction market c. a commodity market in which bidding opens at a low price and then moves upward d. the world's best example of a perfectly competitive market e. a monopoly market
Monopolistic competition is different from perfect competition because monopolistic competitors produce
a. a homogeneous product b. a homogeneous but unique product c. identical products d. differentiated products e. products similar to those produced by a monopoly