The number of people receiving Medicare is expected to grow to 74 million by the year
A) 2105.
B) 2020.
C) 2025.
D) 2075.
Answer: C
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Firms rarely offer unlimited warranties on their products, because then their customers would be less careful with upkeep and maintenance. This situation is an example of
a. confiscation of rents. b. a speculative bubble. c. moral hazard. d. the principal-agent problem.
According to the U.S. balance of payments accounts in 2012, U.S. international borrowing is used for
A) private saving and public consumption. B) private and public investment. C) private consumption. D) private and public saving. E) government expenditure.
Currently, the base year for the CPI is the average of prices in the years 1982 to 1984
Indicate whether the statement is true or false
Air pollution from burning fossil fuels causes damages to crops and public health. This is an example of
a. a market failure caused by an externality. b. a market failure caused by market power. c. a market failure caused by equality. d. There is no market failure in this case.