In 2014, the percentage of people covered by health insurance for the entire year was
A. 40%.
B. 65%.
C. 95%.
D. 83%.
Answer: D
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The price elasticity of a horizontal demand curve is always
A. infinitely large. B. zero. C. one. D. increasing as price increases.
The marginal propensity to consume plus the marginal propensity to save must always equal 1
a. True b. False Indicate whether the statement is true or false
Proved reserves are likely to underestimate the total quantity of the resource in the ground because
a. of flaws in information flows between countries. b. government agencies have an incentive to keep reserves secret. c. of future improvements in technology and higher future prices. d. scientists have not been able to use the latest techniques to estimate reserves in less developed countries.
Although wages, incomes, and interest rates are most often discussed in real terms, what matters most are their nominal values.
a. true b. false