A move from N to O best represents a
A. An increase in quantity demanded.
B. A decrease in quantity demanded.
C. increase in demand.
D. decrease in demand.
C. increase in demand.
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Refer to Figure 11-13. The lines shown in the diagram are isocost lines. A movement from CE to BD occurs when
A) the price of capital decreases while the price of labor increases. B) the price of labor decreases while the price of capital remains unchanged. C) the price of capital increases while the price of labor decreases. D) the price of capital increases while the price of labor remains unchanged.
The idea that some people engage in risky behavior due to the fact that they have good health care is known as
A) moral hazard. B) risk aversion. C) zero-sum game. D) risk-taking behavior.
U.S. imports are:
A. U.S. goods sold to foreigners. B. Foreign goods bought by Americans. C. U.S. goods sold to Americans. D. Foreign and U.S. goods sold to foreigners, but consumed in the U.S.
The most common explanation for Social Security payments accounting for a larger share of federal government expenditures is
a. increases in life expectancy. b. people becoming eligible for Social Security benefits at an earlier age. c. increases in birth rates among teenagers and the poor. d. falling payroll tax receipts.