In which of the following countries are substantial co-payments typically required as a part of the health care system?
A) Canada and the United States
B) Japan and Canada
C) the United States and Japan
D) the United States and the United Kingdom
Answer: C
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Is demand more elastic in the short run or the long run? Why?
What will be an ideal response?
If people expect the price of a stock to rise in future, the demand curve for the stock:
a. becomes positively sloped. b. shifts to the right. c. becomes horizontal. d. becomes vertical. e. shifts to the left.
While a trade-off between inflation and unemployment may exist when people expect no inflation, when they realize inflation is occurring, what happens?
a. The trade-off increases. b. The trade-off decreases. c. The trade-off disappears. d. The trade-off shifts.
Unemployment, especially in the long term, tends to increase the faith people have in social institutions such as government
a. True b. False Indicate whether the statement is true or false