The standard cut-off for cost per QALY used by most governmental decision makers is set in terms of a multiple of national per capita income. The value of the threshold is usually _____ percent of national per capita income.
a. 250
b. 200
c. 300
d. 100
e. 150
d. 100
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Money in a fiduciary monetary system is backed by
A) gold. B) the public's confidence that the assets will continue to serve as money. C) the intrinsic value of the materials used to make the assets that serve as money. D) assets owned by the government that are intrinsically valuable.
If the economy is producing output at the potential level of GDP, then:
a. an expansionary fiscal policy will increase real GDP in the long run. b. deficit spending by the federal government will increase prices in the long run. c. deficit spending will increase both, the real GDP and the prices in the long run. d. a tax increase will not lower the aggregate demand.
Changing the unit of measurement of any independent variable, where log of the dependent variable appears in the regression:
A. affects only the intercept coefficient. B. affects only the slope coefficient. C. affects both the slope and intercept coefficients. D. affects neither the slope nor the intercept coefficient.
If a firm is an oligopolist, which is NOT true?
A. It is one of a relatively small number of firms dominating its industry. B. It must pay attention to other firms' prices. C. It can sell all the units it wants at the going market price. D. It is engaged in a strategic game.