Congress and the President passed a national health care policy. This is an example of
A) increasing the marginal cost of health care.
B) the government using economic tools to make policy decisions.
C) increasing the marginal benefit of health care.
D) normative versus positive economics.
E) answering the "how" question.
B
You might also like to view...
Which of the following situations is likely to generate noncooperative behavior in repeated games?
A) The game is repeated a finite number of times. B) There are many players in the game. C) The payoffs can change rapidly from one game period to the next. D) All of these situations can generate noncooperative behavior.
A manager maximizes profit when they find a level of output where marginal revenue and marginal cost are equal
Indicate whether the statement is true or false
Employees who are members of a union can expect
A. less job security. B. poorer working conditions as employers try to compensate for higher wages. C. a wage that is higher than the equilibrium wage in the labor market. D. lower wages than nonunion workers in the same industry.
The Heckscher-Ohlin theory explains comparative advantage enjoyed by countries in the production of certain goods in terms of underlying differences in consumer tastes and preferences.
Answer the following statement true (T) or false (F)