Refer to Figure 5-3. If consumers paid the full price of medical services, the equilibrium quantity would be
A) 400. B) 800. C) 1,200. D) > 1,200.
B
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The theory that private negotiations have the potential to make some people better off without making anyone worse off when negative externalities are present is known as: a. the Negative Externality Theorem. b. the Sexton Theorem
c. the Coase Theorem. d. the Abatement Theorem.
Which of the following is said to occur when a firm lowers its price to limit the decline in the quantity sold during a period of recession?
A. Persistent dumping B. Predatory dumping C. Cyclical dumping D. Seasonal dumping
Trade adjustment assistance:
A. provides financial assistance to all unemployed workers in the United States. B. guarantees jobs for all workers displaced by imports or plant relocations abroad. C. provides assistance to about 20 percent of unemployed U.S. workers each year. D. provides cash assistance for workers displaced by imports or plant relocations abroad.
In 2017, the Congressional Budget Office forecast that real GDP would grow at an average annual rate of ________ for the years 2017-2027
A) 0.4% B) 0.7% C) 1.5% D) 1.9%