Compared to other high-income countries, health care spending per person in the United States has been

A) declining at a faster rate. B) declining at approximately the same rate.
C) growing at a faster rate. D) growing at approximately the same rate.


C

Economics

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If you get an 8 percent increase in your nominal income, your real income

A) definitely increases. B) increases only if the inflation rate is more than 8 percent. C) increases only if the inflation rate is equal to 8 percent. D) increases only if the inflation rate is less than 8 percent. E) increases if the inflation rate is more than or equal to 8 percent.

Economics

Which of the following statements is TRUE?

A) An increase in the price of gasoline will decrease the demand for gasoline. B) An increase in the price of gasoline will increase the quantity demanded of gasoline. C) An increase in the price of gasoline will increase the supply of gasoline. D) An increase in the price of gasoline will increase the quantity supplied of gasoline.

Economics

The payoff matrix shows all of the following EXCEPT

A) if both oligopolists choose a high price, each makes $6 million. B) if they both choose a low price, each makes $4 million. C) if one chooses a low price and the other doesn't, the low priced firm will make $8 million. D) if one oligopolist chooses a high price and the other doesn't, the high-priced firm makes $8 million.

Economics

As the real interest rate in the domestic loanable funds market increases,

a. the cost of purchasing goods and services during the current period will decrease. b. the net inflow of capital from abroad will increase. c. the inflationary premium will rise and the money rate of interest will decline. d. a trade surplus will occur.

Economics