Demand is the relationship between price and:
a. the income of individual consumers.
b. the quality of the good.
c. the quantity consumers are willing and able to buy.
d. the amount spent on advertising the good.
c
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The absence of clear property rights
A) is common in many developing nations. B) encourages creative destruction. C) is caused by capital deepening. D) all of the above.
A preferred provider organization (PPO) is: a. an organization that contracts with physicians, medical facilities, employers, and individuals to provide medical care to a group of individuals. b. a network of doctors who agree to provide services to a health plan's enrollees at discounted fees
c. a not-for-profit hospital network. d. a structure that utilizes traditional insurance plans.
Which of the following statements about fiscal policy and time lags is most likely correct?
a. The time lag for fiscal policy is typically longer than the time lag for monetary policy. b. The time lag for fiscal policy is typically shorter than the time lag for monetary policy. c. The time lag for fiscal policy is typically about the same as the time lag for monetary policy. d. The time lag for fiscal policy is typically exactly the same as the time lag for monetary policy.
Recall the Application about the effects of increasing state level Earned Income Tax Credit (EITC) on child health in the United States to answer the following question(s).Recall the Application. According to the study cited in the Application, a $100 increase in the value of the state EITC causes a decrease in the probability that a child is in fair or poor health by ________ percentage points.
A. 1.2 B. 7.6 C. 9.9 D. 0.5