In the United States, those most likely to be uninsured are:
a. low-income children.
b. low-income adults.
c. middle class adults.
d. middle class children.
Ans: b. low-income adults.
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Refer to the scenario above. What is the present value of the gift voucher for Susan?
A) 30 utils B) 45 utils C) 90 utils D) 180 utils
Throughout U.S. history, entrepreneurial activity would occur when
(a) centralized economic planning was involved (b) distributed rights to profits were clear and protected (c) government intervention was pervasive (d) all of the above
Which of the following would be the most likely long-run effect if the United States increased its tariff rates and adopted stricter import quotas?
a. a decrease in both U.S. imports and exports b. an increase in both U.S. imports and exports c. a decrease in U.S. imports and an increase in U.S. exports d. an increase in U.S. imports and a decrease in U.S. exports
Cartels are relatively rare because
A. they are illegal in some countries, including the United States. B. members find it difficult to agree on key decisions. C. members frequently have an incentive to cheat on the cartel. D. All of the responses are correct.