Smokers and loud talkers who ignore the external effects of their actions are being rational in the economic sense
a. True
b. False
A
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When services are provided and financed by local rather than higher levels of government and people can move freely among governmental units,
What will be an ideal response?
Characteristics of the Swiss health care system include:
a. a nationalized hospital system where most clinicians are government employees. b. long waiting lists for all elective surgeries. c. individual insurance policies with age-related premiums issued at birth. d. the ability to "opt out" of the government-run health insurance system and seek private coverage. e. government-run insurance coverage financed via payroll taxes.
Scarcity is
A. a situation in which the resources required to produce the goods and services that people desire are insufficient to satisfy all wants. B. a shortage of goods and services. C. poverty and misery. D. a situation in which the resources for producing the goods and services that people desire are sufficient to satisfy people's desires.
Refer to the information provided in Figure 30.1 below to answer the question(s) that follow.
Figure 30.1Refer to Figure 30.1. Suppose the economy is currently at Point B. If investors are ________ in aggregate output, investment moves the economy to I2.
A. pessimistic about future growth B. optimistic about future growth C. pessimistic about past growth D. optimistic about past growth