Total U.S. health care spending in 2011 was approximately:
A. $847 billion.
B. $1.1 trillion.
C. $2.7 trillion.
D. $4.1 trillion.
Answer: C
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A decrease in ________ leads to an equal ________ in the monetary base in the short run
A) float; increase B) float; decrease C) Treasury deposits at the Fed; decrease D) discount loans; increase
Using supply and demand curve analysis, the triangular area above the equilibrium price and under the demand curve is:
a. consumer surplus. b. producer surplus. c. marginal cost. d. deadweight loss.
Which of the following terms of trade would enable the two countries illustrated in Figure 35.1 to trade with each other and increase consumption possibilities?
A. 3 DVD players per motorcycle. B. 1/3 of a DVD player per motorcycle. C. 3/4 of a DVD player per motorcycle. D. 4 DVD players per motorcycle.
The number of U.S. workers in unions today is:
A. about 13%of all wage and salary workers. B. roughly equivalent to what it was in the 1950s. C. just under 15 million Americans. D. not something we can estimate due to the lack of information on all people in the labor market.