If you have, say, a $2,000 deductible, your insurance will only start paying after you have spent ____ of your own money on health care.
A. $2,000
B. $1,000
C. $500
D. None of the above is correct.
Answer: A
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An increase in the interest rates in a country:
A) reduces net exports. B) does not affect net exports. C) increases net exports. D) results in a an outflow of capital from the country.
Linder's hypothesis says that countries with ________ of preferences will trade intensively with each other
A) differences B) utility C) similarity D) elasticity
If the price level in an economy decreases, other things constant, people consume _____
a. more because nominal income falls b. less because nominal income rises c. more because the real value of their wealth increases d. less because real income decreases e. less because the real value of their wealth decreases
A professor at a university finds a way to reduce the costs of producing automobile glass. The method is very easy for anyone to copy. A company develops a substance which prevents eyeglasses from smudging. It receives a patent on the formula. Which of these are common technological knowledge?
a. the method to reduce costs of producing automobile glass, and the formula for the substance that prevents smudging b. the method to reduce costs of producing automobile glass, but not the formula for the substance that prevents smudging c. the formula for the substance that prevents smudging, but not the method to reduce costs of producing automobile glass d. neither the method to reduce costs of producing automobile glass nor the formula for the substance that prevents smudging