Monetarists believe the best way to halt inflation is to
a. put more money into the economy
b. raise taxes
c. slow the growth rate of the money supply
d. impose controls on prices
e. none of the above
C
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National income:
a. is included in gross private domestic investment. b. includes the sum of all payments made to resource owners for the use of their resources. c. includes depreciation. d. is often measured as C + I + G + (X ? M).
The health insurance industry appears to be changing as
A. its revenues are forecast to increase. B. more and more of its customers are likely to be individuals. C. it is increasingly using data to measure cost and quality. D. All of the above
Which of the following is not an advantage of starting a new business as a sole proprietorship?
A) separation of ownership and business liability B) limited control over the operation of the business C) the initial cost in setting up the business D) possibility of double taxation
Hector has $1,000 a month to spend on clothing and food. The price of clothing is $50 and the price of food is $20. What is the equation for Hector's budget constraint?
A. Clothing + Food < $1,000 B. $50 × Clothing + $20 × Food = $1,000 C. $50 × Clothing + $20 × Food ? $1,000 D. ($50 × Clothing) / ($20 × Food) = $1,000