The effects of the national health care program on goods and services markets will
A) increase the marginal cost of the firm.
B) increase the quantity produced of the firm.
C) consumers will pay lower prices for many goods and services.
D) decrease the quantity demanded for all goods and services.
A
You might also like to view...
The figure above shows the costs for a grower in the perfectly competitive turnip market. If the price is $1,000 for a ton of turnips, the firm is
A) making an economic profit. B) making zero economic profit. C) incurring an economic loss. D) More information is needed to determine if the firm is making a positive economic profit, zero economic profit, or incurring an economic loss.
Trade between nations usually means that
a. one country is richer than another. b. one country becomes richer while the other becomes poorer. c. both trading nations show some gains. d. one trading country is trying to "beggar its neighbor."
Which of the following would not be studied in macroeconomics?
A. The growth rate of the U.S. economy. B. The impact of government spending on the economy. C. The causes of the Great Depression. D. How a sharp increase in gasoline prices is likely to affect SUV sales.
A rightward shift in an aggregate demand curve will cause
A. Higher prices, but not higher output, if the aggregate supply curve is vertical. B. No change in prices or output if the aggregate supply curve is upward-sloping. C. Higher output, but no change in prices, if the aggregate supply curve is vertical. D. Higher prices, but no change in output, if the aggregate supply curve is horizontal.