Nontariff barriers lead to:
a. decreases in the prices of imports
b. an increase in domestic production.
c. increases in the prices of exports.
d. an increase in domestic consumption.
b
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To be counted as employed by the BLS, in the week before the survey the person must have worked for pay
A) at least 1 hour. B) at least 5 hours. C) more than 20 hours. D) 40 hours. E) None of the above is right because the BLS counts as employed anyone who works volunteer hours at a non-profit institution.
Positive economics is descriptive because:
A) it is based on ethical judgments. B) its predictions cannot be verified with data. C) it prescribes what an individual or society ought to do. D) it explains what has happened or predicts what will happen.
Borrowing from abroad represents:
A) a capital outflow. B) a capital inflow. C) positive net savings. D) none of the above.
The two main types of managed care organizations are:
A. U.S. veterans' hospitals and university health clinics. B. health maintenance organizations (HMOs) and private nursing homes. C. health maintenance organizations (HMOs) and preferred provider organizations (PPOs). D. preferred provider organizations (PPOs) and nonprofit hospitals.