Health care expenditures coming directly out of consumers' pockets, primarily in the form of deductibles and copayments, account for what percent of U.S. health care spending?
A. 17 percent.
B. 33 percent.
C. 50 percent.
D. 83 percent.
Answer: A
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Steve is planning to divide his study time between English and calculus. It will take him two hours of study for each extra point in calculus and one hour of study to raise his English score by one point. He should allocate his time so that
a. the marginal utility of an hour spent studying calculus is twice the marginal utility of an hour spent studying English b. the marginal utility of an hour spent studying English is twice the marginal utility of an hour spent studying calculus c. the marginal utility per hour spent studying calculus equals the marginal utility per hour spent on English d. he spends twice as much time on calculus as on English e. he spends twice as much time on English as on calculus
A currency stabilization policy:
A. is more effective in the long run than a currency support policy. B. tries to keep the value of a currency above its equilibrium value. C. is one form of a currency support policy. D. is less effective in the long run than a currency support policy.
“Unexpected inflation is more beneficial to those who save than those who borrow.” Evaluate this statement. How does your answer change if the inflation is expected?
What will be an ideal response?
Price discrimination is more common in service industries because:
A. Low price buyers will find it virtually impossible to resell the products of such industries to high price buyers B. The costs of providing such industries' products to different groups of buyers vary dramatically C. The price elasticity of demand is the same for all groups of buyers in these industries D. All firms in these industries have significant monopoly power over price