If the price of insulin is currently above the market-clearing level, then
A) there is a shortage of insulin.
B) the market for insulin is fully coordinated.
C) there is a surplus of insulin.
D) insulin is no longer a scarce good.
C
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
The measured distribution of ________ is a more accurate indicator of the degree of economic inequality than the measured distribution of ________ because ________ data does not include ________
A) income; wealth; wealth; human capital B) wealth; income; income; holdings of real estate C) wealth; income; income; human capital D) income; wealth; wealth; employment information
What are the five main economic goals of the United States?
What will be an ideal response?
Mention some of ways in which insurers control the problem of moral hazard