Medicare
A) subsidizes the care of older people, which gives them NO incentive to consume more medical services.
B) subsidizes the care of older people, which gives them an incentive to consume more medical services.
C) subsidizes the care of young people, which gives them an incentive to consume less medical services.
D) subsidizes the care of middle aged people, which gives them an incentive to consume more medical services.
Answer: B
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The Banking Acts of 1933 and 1935
A) established the Federal Reserve System. B) increased central control of the Federal Reserve System. C) eliminated the authority of the Board of Governors to set reserve requirements. D) made the Secretary of the Treasury a member of the Board of Governors.
National income:
a. is included in gross private domestic investment. b. includes the sum of all payments made to resource owners for the use of their resources. c. includes depreciation. d. is often measured as C + I + G + (X ? M).
Public saving is equal to national saving minus private saving
a. True b. False Indicate whether the statement is true or false
The MRP schedule of the perfect competitor declines _____ than that of the imperfect competitor.
Fill in the blank(s) with the appropriate word(s).