Growth in labor productivity in the economy as a whole has been ________ labor productivity in health care
A) slightly faster than B) almost twice as slow as
C) approximately equal to D) more than twice as fast as
D
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Assume the current price of good X is too high, i.e., it is above the equilibrium price. Describe the changes that would occur in a market as a result, i.e., explain how the market would adjust to equilibrium
What will be an ideal response?
Floods in the Midwest that diminish farm output would shift the aggregate supply curve outward
a. True b. False Indicate whether the statement is true or false
Product differentiation allows the firm to
a. raise price and lower quantity demanded b. raise price without suffering a substantial loss of sales c. shift the market demand curve to the left d. shift the market supply curve to the left e. decrease barriers to entry
If the U.S. government determines that the cost of feeding an urban family of four is $5,200 per year, then the official poverty line for a family of that type is
a. $10,400. b. $15,600. c. $20,800. d. $26,000.