Refer to Figure 13-4. If the firm represented in the diagram is currently producing and selling Qa units, what is the price charged?
A) P0 B) P1 C) P2 D) P3
C
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When quantity demanded is equal to quantity supplied, we are at ___________.
Fill in the blank(s) with the appropriate word(s).
How do current tax laws in the United States favor employer-based health care insurance?
A) Individuals who receive health insurance benefits are allowed to deduct the value of these benefits from their taxable income. B) Individuals who receive health insurance benefits do not pay taxes on the value of these benefits. C) Employers who provide health insurance benefits are reimbursed by the government and are not taxed on these reimbursements. D) Health insurance companies that provide insurance to employers are subject to a lower tax rate than those insurance companies that provide insurance to private individuals.
The official poverty line is defined as:
a. one-half the average family income. b. one-third the average family income. c. three times the cost of a minimal food requirement. d. two times the cost of a minimal food requirement.
Economic growth occurs when
A. nominal GDP increases. B. GDP per capita in the short run increases. C. a nation's capacity to produce increases. D. there is a movement along the production possibility curve resulting in increased personal consumption expenditures.