Which of the following is a possible cause of an increase in the demand for health care?
a. A young population
b. A fall in the purchasing power of households
c. An aging population
d. A fall in the total population of a country
e. Technological advancement
c
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When measured as a share of the total federal budget, entitlement spending has doubled over the last 50 years
Indicate whether the statement is true or false
Federal Reserve policy tools include all of the following EXCEPT
A) desired reserve ratios. B) required reserve ratios. C) the discount rate. D) open market operations.
Refer to Figure 2-9. What is the opportunity cost of producing 1 popsicle in Greenland?
A) 2/3 of a snow cone B) 5/6 of a snow cone C) 1 1/5 snow cones D) 240 snow cones
The euro is
A) the currency of all nations in Europe. B) the rate at which the French central bank makes discount loans. C) a common currency of many European countries. D) the name of the European central bank.