Of the following U.S. presidents, which was the first to propose a national health insurance program to Congress?
A) Barack Obama B) Bill Clinton C) Harry Truman D) John F. Kennedy
C
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Prices are a critical component of the market system
Indicate whether the statement is true or false
Perfect competition displays the market mechanism at its best in many respects, yet most markets in operation today are monopolistic or oligopolistic, composed of a few large firms. Should government regulation break up those large firms into several smaller firms to try to achieve perfect competition? Why or why not?
Considering the concept of rational behavior, which of the following requests will likely get the most help?
a. Could you call me at your convenience to give me tips about investing? b. Could you meet with me right away to give me investment advice? c. Could you provide me with a detailed list of investment advice as soon as possible? d. Could you drive 20 miles to my house to give me investment advice?
Fiscal policy refers to the government's attempt at regulating the economy through the use of changes in:
A. Taxes and government spending B. Interest rates and borrowing C. Wage rates and contracts D. Exchange rates and foreign trade