If the government were to intervene in a market economy and fix the price of visiting a health care provider below the market price, then we would expect, relative to the market outcome,
a. an increase in the number of visits people want to make and an increase in the number of visits health care providers want to provide.
b. an increase in the number of visits people want to make and a decrease in the number of visits health care providers want to provide.
c. a decrease in the number of visits people want to make and an increase in the number of visits health care providers want to provide.
d. a decrease in the number of visits people want to make and a decrease in the number of visits health care providers want to provide.
b
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Economists assume that when there is a change in supply and/or demand, the market clearing price returns to the equilibrium
A) quickly. B) slowly. C) after a protracted negotiation process. D) after an adjustment period.
If long-term investments are increasing,
a. current consumption must be increasing. b. interest rates must be relatively low. c. interest rates must be relatively high. d. the people must be experiencing a "defective telescopic faculty."
In the past few centuries, choices have led to a substantial decline in the standards of living around the globe.
Answer the following statement true (T) or false (F)
If depreciation exceeds gross investment, net investment is negative
Indicate whether the statement is true or false