In terms of who employs physicians, who owns hospitals and clinics, and the role of insurance,
A. single payer systems are all private.
B. single payer systems are no different than private systems.
C. single payer systems are very different, depending on the country.
D. single payer systems are all alike.
Answer: C
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If the MPC is 0.6 and there are no imports or income taxes, the multiplier is
A) 6. B) 0.4. C) 2.5. D) 0.6. E) 1.7.
A condition for the use of eminent domain is that the property being taken
A) must remain the property of the government entity which authorized the use of eminent domain. B) must be intended for public use. C) must be undeveloped property. D) must be considered blighted property.
Which of the following represents the firm's long-run condition for exiting a market?
a. exit if P < MC b. exit if P < FC c. exit if P < ATC d. exit if MR < MC
If Peter produces 3 times as much per hour as Julia, we would say that he is ______ times as productive as she is.
Fill in the blank(s) with the appropriate word(s).