An economy in equilibrium is always at full employment
Indicate whether the statement is true or false
F
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The above table gives techniques that Fatz Confectionery can use to produce 2,000 pounds of candy. Which technique is technology inefficient?
A) A B) B C) C D) D
If a country has a straight (downward sloping) production possibilities frontier, then production is said to be subject to
A) constant opportunity costs. B) decreasing opportunity costs. C) first increasing and then decreasing opportunity costs. D) increasing opportunity costs.
If aggregate demand shifts because of a wave of pessimism about stock prices, those who favor a policy that "leans against the wind" would advocate the
a. Federal Reserve increase the money supply or the government increase taxes. b. Federal Reserve increase the money supply or the government decrease taxes. c. Federal Reserve decrease the money supply or the government increase taxes. d. Federal Reserve decrease the money supply or the government decrease taxes.
Which of the following statements regarding the quality of managed care is accurate?
a. Managed care focuses on the ability to pay. b. Empirical evidence suggests that managed care fails to reduce health care spending. c. Empirical studies show little evidence that managed care quality was lower than that found in fee-for-service plans. d. Most of managed care's savings do not affect hospitalization.