Publicly provided health insurance for the poor will
A. lower the price of health care to the non-poor and decrease the total amount of health care consumed.
B. raise the level of health care consumed by the poor.
C. lower the price of health care to the non-poor.
D. decrease the total amount of health care consumed.
Answer: B
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. The quantity at which quantity demanded and quantity supplied are equal for a certain price level is known as
a. equilibrium price. b. equilibrium quantity. c. equilibrium rate. d. equilibrium level.
In the event that China rises, and the U.S. overcomes its setbacks and does not decline further, the situation may be similar to that seen in the Cold War, one of
a. bipolarity. b. unipolarity. c. anarchy. d. multipolarity
The automatic adjustment mechanism that makes the economy move towards the long-run Phillips Curve is:
A. Expansionary fiscal or monetary policy B. Inflation expectations and wage adjustments C. Contractionary fiscal or monetary policy D. Increases in productivity over time
Assume the price of beer is $4, the price of pizza is $10 and the consumer's income is $250. Which consumption bundle will NOT be the consumer's choice?
A) A (5 Beers, 5 Pizzas) B) B (0 Beers, 25 Pizzas) C) C (25 Beers, 15 Pizzas) D) None of the above bundles will be chosen.