(Last Word) Whole Foods Market's personal wellness accounts for employees:
A. create significant moral hazard in the purchase of health care services.
B. provide bonus payments for employees meeting certain health criteria and participating in
company wellness activities.
C. encourage employees to consider the opportunity costs of their medical spending.
D. encourage employees to overspend for health care as they view it as "free money."
Answer: C
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Starting from long-run equilibrium, the long-run impact(s) of an increase in autonomous consumption, compared to the original equilibrium, is:
A. higher inflation and the same output. B. lower inflation and the same output. C. lower inflation and lower output. D. higher inflation and higher output.
Why does a profit-maximizing firm hire labor up to the point where the value of marginal product equals the wage rate?
What will be an ideal response?
Which of the following examples indicates an economic situation where the highest amount of money is demanded?
a. The interest rate for CDs is 6 percent. b. The interest rate for saving accounts is 4 percent. c. The interest rate for U.S. Treasury bills is 8 percent. d. The interest rate for municipal bonds is 2 percent.
Which of the following described the attitude of most economists toward the U.S.-based automobile sector during the 2008 recession?
A. If their industry failed, it would not take the rest of the economy down with it. B. It should be taken over by the Federal Government. C. It needed to receive subsidies from the government in order to produce hybrid cars. D. It needed to be bailed out, just like the financial sector was bailed out.