A cross-country analysis of health statistics suggests that countries with single payer systems have infant mortality rates that are ________ than those rates for the U.S. and survival rates for breast and prostate cancer that are ________ than those rates for the U.S.
A. lower; lower
B. higher; higher
C. higher; lower
D. lower; higher
Answer: A
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Economic rent is paid only to land, and not to other resources.
Answer the following statement true (T) or false (F)
One policy that would increase the saving rate would be
A) raising taxes on the returns to saving. B) raising taxes on the returns to investment. C) taxing consumption. D) raising taxes on saving.
The deposit multiplier is given by the formula
A) change in checkable deposits ÷ change in required reserves. B) change in checkable deposits ÷ change in reserves. C) change in excess reserves ÷ change in checkable deposits. D) change in legal reserves ÷ change in excess reserves.
Because in any period of time and in any region the quantity of pollutants that can be absorbed by nature is fixed, the supply of "pollution rights" in a cap-and-trade system will be perfectly elastic (horizontal).
a. true b. false