All of the following are reasons that health care costs have risen so much in the past few decades EXCEPT
A) the aging population.
B) higher imports.
C) new technologies.
D) third party payments.
B
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Which of the following factors will not affect the profit expectations of business firms and change the level of investment?
a. Entry of new firms into the market b. Introduction of new taxes c. Announcement of new government subsidies d. The current level of GDP e. The marginal propensity to consume
Price elasticity of demand relates to the
a. sensitivity of people's quantity demanded to changes in price b. sensitivity of price to changes in people's quantity demanded c. percentage shifts in demand when price changes d. percentage shifts in demand for every one-percent change in price e. ratio of actual to expected price changes
The example of segregated streetcars in the southern United States in the early twentieth century is one example of
a. racial discrimination by firms, despite government efforts to halt it. b. racial discrimination by firms with no government action either to halt it or to support it. c. government-mandated racial discrimination. d. a failure to find any discrimination where most would expect to find it.
A conglomerate occurs when:
A. the products of the merging firms were not related in any manner before the merger. B. the merger partners were competitors. C. one firm is a domestic firm, and the other is a foreign company. D. the firms stood in a buyer-seller relationship before the merger.