The richest American is ______.
Fill in the blank(s) with the appropriate word(s).
Bill Gates
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Real GDP per person is not an accurate measure of the standard of living because it ______
A. includes the goods and services that governments buy B. omits the goods and services that people produce for themselves C. includes goods and services bought by firms D. omits the goods and services imported from other countries
The occurrence of bank failures in the United States
a. ended after 1933 and the creation of the FDIC. b. increased dramatically during the Clinton administration. c. reappeared in intensity in the late 1990s and early 2000s. d. reappeared in the 1980s and early 1990s and again in 2006.
Suppose earnings are given by E = $60 + $7(24 ? L), where E is earnings and L is the hours of leisure. The fixed payment for this worker is:
A. $60. B. $24. C. $0. D. $7.
Suppose you go to a doctor, but your health insurance plan reimburses you for only 80 percent of the bill. This is an example of:
A. a copayment. B. a deductible. C. monopsony power. D. a deferred benefit plan.