The aging of the U.S. population has tended to ________ spending on health care, and the development of new drugs and medical equipment has tended to ________ spending on health care
A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease
C
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The United States has a dual banking system in the sense that
A) the public may deposit money in either commercial banks or savings-and-loan associations. B) banks offer both demand deposits and time deposits to savers. C) banks are chartered by the federal government and by state governments. D) banks both take in deposits and make loans.
In the diagram of the decision tree, what lies at the bottom, the roots?
a. The basic decision b. The alternatives c. Resources d. Values
Autonomous consumption spending is consumption spending
a. that is dependent on changes in income b. on durable goods c. that causes the MPC to rise d. that is independent of the level of income e. that causes the MPC to fall
We refer to situations in which individuals need to act collectively to reach solutions that will make everyone better off as:
A. collective-action problems. B. moral hazard problems. C. free-rider problems. D. public-mind problems.