Equality of opportunity demands fair rules and does not require transfer programs
a. True b. False
a
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In the United States in 2014, a majority of people received health care through
A) Medicaid. B) their employers. C) individually purchased insurance policies. D) Medicare.
The long-run effect of reducing the government budget deficit would be
a. a higher price level and a lower level of output b. a lower price level and a lower level of output c. a higher price level and a higher level of output d. a higher price level with unchanged output e. a lower price level with unchanged output
This profit-maximizing firm produces a quantity of about ________ units.
A. 40
B. 45
C. 50
D. 55
A monopsonist is a firm which
A. is a "sole-buyer" in an input market. B. is a price taker in the labor market. C. faces a horizontal demand curve for labor. D. faces a downward sloping demand curve for its output.