In the U.S. health care market, the uninsured typically receive health care for:
A. emergencies, but not for preventative care.
B. preventative care, but not for emergencies.
C. both emergencies and preventative care.
D. neither emergencies nor preventative care.
Answer: A
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Assume that in the short run a firm is producing 100 units of output, has average total costs of $100, and average variable costs of $50. The firm's total fixed costs are
A) $50. B) $5,000. C) $150. D) $15,000.
With respect to consumer behavior, the interest-rate channel of monetary policy transmission appears to be:
A. strong because people's decisions to purchase cars or houses depend on the short-term rates that policymakers can change. B. strong because it affects both spending and saving decisions. C. weak because people's decisions to purchase cars or houses depend more on short-term rates rather than long-term rates. D. weak because people's decisions to purchase cars or houses depend more on long-term rates rather than short-term rates.
Which of the following statements is true of the demand curve and the marginal revenue curve of a monopolist?
A) Both curves have the same intercept on the price axis. B) The demand curve is downward sloping while the marginal revenue curve is upward sloping. C) The intercept of the demand curve on the price axis is higher than the intercept of the marginal revenue curve. D) The intercept of the demand curve on the price axis is lower than the intercept of the marginal revenue curve.
If a country imposes a tariff on an imported good, the tariff ________ the price in the importing country and ________ the quantity of imports
A) raises; decreases B) raises; increases C) raises; does not change D) lowers; does not change