The top 5 percent of health care users in the United States account for
A) 30 percent of all health costs.
B) over 50 percent of all health costs.
C) over 75 percent of all health costs.
D) almost 90 percent of all health costs.
Answer: B
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In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a?
A) 1/2 B) the rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old C) 2 D) The question cannot be answered without more information.
When a firm's fixed costs increase it should raise its prices in order to maximize profits
a. True b. False Indicate whether the statement is true or false
Under what condition will a decrease in aggregate demand result in no decline in the price level?
A. The aggregate demand curve intersects an upward-sloping segment of the aggregate supply curve. B. The aggregate demand curve intersects a vertical segment of the aggregate supply curve. C. The aggregate demand curve is upward sloping. D. The aggregate demand curve intersects a horizontal segment of the aggregate supply curve.
Which countries are most and least likely to be harmed by adverse climate changes? What was the Kyoto Protocol, and how well did it address the negative effects of global warming?
What will be an ideal response?