Which of the following will not cause a shift in the medical care supply curve?
a. a change in the cost of medical school tuition.
b. a change in the percentage of the population with health insurance.
c. an change in the amount of student aid available to promising undergraduate students studying biology.
d. A change in the number of high-profile medical malpractice lawsuits brought against physicians increasing the premiums on malpractice insurance.
e. A wave of union activity that increases the average salaries of nurses nationwide.
B
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The t-statistic is computed by
A) dividing the regression coefficient by the standard error of the estimate. B) dividing the regression coefficient by the standard error of the coefficient. C) dividing the standard error of the coefficient by the regression coefficient. D) dividing the R2 by the F-statistic.
Following their profit maximizing motivation, firms will differentiate their products in a way that maximizes welfare
Indicate whether the statement is true or false
Are there impediments to international movement of labor and capital?
A. Yes, but they apply to labor only; capital mobility is almost completely free. B. Yes, although these apply to capital, and not to labor. C. Yes, there are significant (often prohibitive) restrictions on labor and capital mobility. D. No, these have been removed with the passage of recent trade legislation.
Nominal GDP is the
A. Value of final output produced, measured in current prices. B. Value of final output produced, adjusted for changing prices. C. Price index that refers to all goods and services included in GDP. D. Value of final output produced using American-owned factors of production.