An important contributor to rising U.S. health care costs in recent years is
A) less interest on the part of Americans to stay physically fit.
B) the increasing proportion of the population that smokes.
C) an easing of standards at medical schools that has permitted unqualified people to become physicians.
D) the aging of the population.
D
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For a perfectly competitive firm,
a. P = AR at all levels of output b. P = AR at the profit-maximizing quantity only c. P > AR at all levels of output d. P < AR at the profit-maximizing quantity only e. P < AR at all levels of output
Lemon laws are an attempt to reduce __________ in used car markets
a. symmetrical information b. adverse selection c. natural selection d. moral hazard e. the winner's curse
Consider a small open economy with desired national saving of Sd = 200 + 10,000rw and desired investment of Id = 1000 - 5000rw. If rw = 0.05, and output = 5000, then absorption equals
A. 5050. B. 5100. C. 4950. D. 4900.
Which of the following would be expected if the tariff on foreign-produced automobiles were increased?
What will be an ideal response?