Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doctor visits and the bill charged by the doctor for 6 visits is $360, the portion of this cost covered by a third-party payer is:
A. $300.
B. $60.
C. $420.
D. $360.
Answer: A
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"A rise in the money supply raised output in the short run, but left output unaffected in the long run." This statement implies that the price level __________ in the long run, causing the interest rate to __________
A) rose; rise B) rose; fall C) fell; rise D) fell; fall
What are the reasons for preferring competition to monopoly?
Suppose we were analyzing the pound per Swiss franc foreign exchange market. If Switzerland's real GDP rises relative to England and nothing else changes, then the:
a. The supply of Swiss francs in the foreign exchange market rises and the Swiss franc depreciates. b. The demand for Swiss francs in the foreign exchange market rises, and the Swiss franc appreciates. c. The supply of Swiss francs in the foreign exchange market rises and the Swiss franc appreciates. d. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market falls, causing the Swiss franc to rise in value. e. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing the Swiss franc to depreciate.
Which of the following is correct?
a. Some bonds have terms as short as a few months. b. Because they are so risky, junk bonds pay a low rate of interest. c. Corporations buy bonds to raise funds. d. All of the above are correct.