Refer to the above figure. If real disposable income is $30,000, saving is
A. $0.
B. $5000.
C. $6000.
D. $4000.
Answer: A
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The primary purpose of ________ is to encourage the expenditure of funds on research and development to create new products
A) patents and copyrights B) nationalizing oil companies C) government-run health care D) centrally planned economies
Economists generally agree that price controls in the U.S. would
A. increase prices to consumers. B. increase the motivation to invent new drugs and diminish profits to drug companies. C. increase the motivation to invent new drugs. D. diminish profits to drug companies.
A system financed primarily through retrospective fee-for-service insurance reimbursement is:
a. A closed system. b. An open-ended system. c. A cost-plus system d. An efficient system. e. Both b and c.
A move from M to N best represents a
A. change in quantity demanded.
B. change in demand.
C. increase in demand.
D. decrease in demand.