As a percentage of all spending on health care, out-of-pocket spending has ________ in the United States
A) remained fairly constant for the last 50 years
B) steadily declined for the past 50 years
C) rapidly increased for the last 50 years
D) erratically increased and decreased over the past 50 years
Answer: B
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If a country's central bank wants to stimulate spending in the economy, it should:
A) increase the amount of assets banks should keep on reserve at all times. B) decrease taxes. C) lower interest rates. D) increase government spending.
A decrease in the price of peanut butter will increase both the equilibrium price and quantity in the market for jelly
a. True b. False Indicate whether the statement is true or false
If nations trade on the basis of comparative advantage
A. a nation can usually gain only it has an absolute advantage. B. all trading partners share equally in the gain. C. all trading partners share in the gain with distribution determined by their negotiating ability. D. a nation with an absolute advantage gains more than the other nations.
The data collected by the Bureau of Labor Statistics have been criticized because
A. part-time workers are not counted in the number of workers employed. B. discouraged workers are treated as part of the labor force. C. some workers who are not looking for work are included in the labor force. D. millions of people with make-work jobs are counted as employed.