Other things being equal, a national health insurance program would

A) generate higher life expectancies and lower infant mortality rates.
B) generate lower life expectancies and higher infant mortality rates.
C) increase total health care expenditures.
D) increase the quality of life.


C

Economics

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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.

A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease

Economics

To calculate the time required for real GDP to double, we _____

a. divide the annual growth rate by 72 b. divide 72 by nominal GDP c. divide real output by 72 d. divide 72 by the annual growth rate e. multiply real GDP by 72

Economics

Which of the following is the best definition of a spot market?

a. A market in which a good is bought or sold with the idea that the price will increase in the future b. A market in which a good is bought or sold with the hope that the price will decrease in the future c. A market in which prices do not fluctuate up or down very easily d. A market in which a good is bought or sold for immediate delivery or consumption e. A market in which the good being traded is used to remove spots on clothes

Economics

Advocates of antipoverty programs claim that

a. the government has good information about what people are willing to pay to eliminate poverty. b. fighting poverty is a public good. c. private sector will incur higher costs than the public sector for these programs. d. All of the above are correct.

Economics