All of the following are possible funding sources for the government EXCEPT
A. borrowing.
B. taxes.
C. earnings from investing in company stock shares.
D. user charges.
Answer: C
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Based on the figure, the economy is initially in long-run equilibrium at point A. If there is a favorable supply shock that increases potential output and shifts the long-run aggregate supply curve from LRAS to LRAS', then there is initially ________ gap and the short-run aggregate supply curve will ________.
A. a recessionary; eventually shift to SRAS' B. an expansionary; eventually shift to SRAS' C. an expansionary: eventually shift to SRAS" D. a recessionary; eventually shift to SRAS"
Which of the following statements regarding the quality of managed care is accurate?
a. Managed care focuses on the ability to pay. b. Empirical evidence suggests that managed care fails to reduce health care spending. c. Empirical studies show little evidence that managed care quality was lower than that found in fee-for-service plans. d. Most of managed care's savings do not affect hospitalization.
If a developing country has sufficient reserves, the buying and selling of foreign currency by the central bank is:
A. likely to have a much smaller impact on the exchange rate than in developed countries. B. completely ineffective on the exchange rate. C. likely to have a much greater impact on the exchange rate than in developed countries. D. likely to have roughly the same impact on the exchange rate as in developed countries.
Figure 10.2 depicts a firm's marginal revenue product curve. If the wage rate is $15, how many workers will the firm demand?
A. four workers B. five workers C. six workers D. seven workers