HMOs seek to contain health care costs by exerting control over patients' treatment options
a. True
b. False
Indicate whether the statement is true or false
True
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The primary focus of microeconomics is
A) to study how we managed to eliminate scarcity. B) our government's monetary policy. C) to examine the behavior and operation of the individual units or sectors that make up the economy. D) the levels of employment and inflation. E) to examine the operation of the entire (aggregate) economy.
Suppose Freeland produces few consumption goods and many investment goods while Liberty Nation produces few investment goods and many consumption goods. Other things equal, you would expect a. per capita income to grow more rapidly in Liberty Nation
b. population to grow faster in Liberty Nation. c. the production possibilities curve for Freeland will shift out more rapidly than that of Liberty Nation. d. that if both countries started with identical production possibilities curves, in twenty years, people in Liberty Nation will be able to produce more consumer goods than people in Freeland.
Economists use game theory to predict the behavior of oligopolists. Which of the following is crucial for the success of the analysis?
A. Determine whether the problem considered is of a one-shot or a repeated nature. B. Make sure the payoffs reflect the true payoffs of the oligopolists. C. Determine whether the oligopolists move simultaneously or sequentially. D. All of the statements associated with this question are correct.
Why might the central bankers in emerging market economies focus more attention on a stable exchange rate than say the Federal Reserve or the European Central Bank?
What will be an ideal response?