Rising health care costs have the following implications, except:
A. Faster growth of wages to workers
B. A growing number of uninsured workers
C. Large numbers of personal bankruptcies
D. Outsourcing and off-shoring of firms' operations
A. Faster growth of wages to workers
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If an individual is indifferent about being an entrepreneur or not:
A) his losses from entrepreneurship is likely to be equal to his opportunity cost of entrepreneurshi
The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is $200 and workers cost $10 per hour. The total variable cost of producing 18 baseball hats per hour is
A) $200.00. B) $30.00. C) $1.67. D) More information is needed to answer the question.
The theory of optimum currency areas predicts that
A) floating exchange rates are most appropriate for areas closely integrated through international trade and factor movements. B) fixed exchange rates are most appropriate for areas that are loosely integrated through international trade and factor movements. C) fixed exchange rates are most appropriate for areas closely integrated through international trade and factor movements. D) floating exchange rates are most appropriate for all countries in Europe. E) fixed exchange rates are most appropriate for all countries in Europe.
A permanent negative supply shock leads to ________ real interest rates ________
A) higher; in both the short and long runs B) higher; in the short run but not in the long run C) lower; in both the short and long runs D) lower; in the short run but not in the long run