Based on most observations, what are the effects on government budgets from the national health care program?
A) Tax revenues will not flow into the new program immediately.
B) The federal government ultimately will have to search for ways to reduce its health care expenditures.
C) Federal government expenditures on the program are being phased in immediately.
D) the federal government ultimately will lower taxes since the program's cost will decline over time.
B
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Which of the following is NOT a function of money?
A) medium of stored value B) standard of deferred payment C) unit of accounting D) store of value
When the cross elasticity of demand between one product and all other products is low, one is generally referring to a(n) ____ situation
a. oligopoly b. monopoly c. pure competition d. substitution e. monopolistic competition
If the managers of the bus system found that revenues increase when fares are raised, they would conclude that price elasticity demand for subway service is inelastic
a. True b. False Indicate whether the statement is true or false
The chair of the Board of Governors of the Fed is appointed by the president
a. True b. False Indicate whether the statement is true or false