Which of the following is one of the main causes of the fiscal crisis in Greece?
A. Greece experienced high birth rate and low death rate between 2000 and 2010.
B. Greece's prime minister did not have the desire to tackle difficult structural issues.
C. Greece did not have a strong labor force to support production.
D. Greece had a high national debt and high deficits prior to the crisis.
Answer: D
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Because of the kind of externalities that tend to be generated from general R&D resources bought by firms, the equilibrium price of R&D
A) is above the optimal level, and quantity is below the optimal level. B) is below the optimal level, and quantity is above the optimal level. C) and quantity of R&D are both above the optimal level. D) and quantity of R&D are both below the optimal level. E) must fall in order for the market to reach equilibrium.
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a. examined cross-section data to estimate the demand function for medical care. b. was the most extensive controlled experiment in health insurance ever conducted in the United States. c. like most economic studies, was based on individual decisions in voluntarily choosing health insurance coverage. d. was flawed due to severe self-selection bias. e. was set up to study medical outcomes when individuals were free to choose the type of health coverage they desired.
Economists view free trade as a way to raise living standards both at home and abroad
a. True b. False Indicate whether the statement is true or false