According to the U.S. Census Bureau, hospitals in the United Kingdom are mostly
A. public.
B. public trusts.
C. for-profit.
D. private.
Answer: B
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Which of the following is consistent with classical growth theory?
A) Real GDP per person will increase because technological change induces investment. B) Real GDP per person will never permanently increase. C) Competition destroys innovation and decreases profit. D) As real GDP increases, there will be a decrease in the rate of population growth.
The invisible hand enforces the tendency toward
A. MR = MU. B. MC = P = MU. C. MC = MPP = P. D. MRP = MPP = P.
Under a system of flexible exchange rates, a decrease in demand for a nation's currency in the foreign exchange market will: a. make it less expensive for foreigners to buy the nation's goods
b. make it more expensive for the nation to import goods. c. cause the nation's balance on current account to shift toward a deficit. d. all of the above
Which of the following economists proposed an international trade model that explains international trade patterns using factor proportions?
A. Eli Heckscher and Bertil Ohlin B. Paul Krugman and Elhanan Helpman C. John Maynard Keynes D. David Ricardo and Adam Smith