Federal government spending on medicare & medicaid have increased by a factor of _____ between 1969 and 2011.
A. 2
B. 4
C. 5
D. over 7
C. 5
Economics
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When less than the efficient amount of a good is produced, how does the marginal social benefit of the last unit produced compare to its marginal social cost?
What will be an ideal response?
Economics
Show, using utility theory, why a consumer who is initially maximizing her utility will alter her consumption pattern in response to a change in the price of a good
Economics
Leaders that give the group total freedom
a. autocratic b. laissez-faire c. democratic d. trait
Economics
All of the following are assumptions of the production possibilities curve EXCEPT
A. resources are fully employed. B. there is a fixed level of technology. C. there is a fixed demand for the products. D. there is a fixed time period.
Economics