National health insurance programs:
A. are starting to be implemented in poorer areas like Ghana to increase access to health care.
B. still face challenges in some areas to provide good, high quality care.
C. can increase use of health clinics versus traditional village doctors, who often have no training.
D. All of these statements are true.
Answer: D
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The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
In a decision tree, the difference between a decision node and a terminal node is that
A) at a decision node all participants make the same decision, while at a terminal node different players may make different decisions. B) at a decision node a decision must be made, while a terminal node shows the payoff. C) at a decision node a decision must be made, while at a terminal node the final decision must be made. D) at a decision node all participants are free to make individual decisions but at a terminal node they must agree on a collective decision.
Traders in futures markets settle gains and losses each day
A) by making margin payments. B) by using settlement-by-offset. C) in a process called mark-to-market settlement. D) by making arbitrage payments.
The method used by the ECB to measure inflation for meeting its objectives:
A. can result in a contractionary monetary policy being used in a country where inflation is already very low. B. is based on wholesale rather than retail prices. C. gives equal weight to each member country. D. gives greater relative weight to smaller countries.