In 2014, prescription drugs accounted for approximately ________ of total health care spending.
A. 25%
B. 50%
C. 10%
D. 2.5%
Answer: C
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When a model takes into account the fact that several different generations may coexist simultaneously, this is known as a(n)
A. neoclassical model. B. life-cycle model. C. overlapping generation model. D. crowding-out model.
Which is a screen against adverse selection
a. Insurance companies require homeowners to have smoke detectors b. Rearview cameras in cars c. Installing engine monitors to track driving habits of the insured d. Prospective secretaries must take a typing test before being hired
The components of aggregate demand are
A. Consumption, government spending, net exports, and investment. B. Consumption, exports, imports, and disposable income. C. Exports, imports, investment, and disposable income. D. Consumption, inventory, government spending, and disposable income.
The nominal rate of interest is 3% and the anticipated rate of inflation is 3%. What is the real rate of interest?
A. 3% B. 0% C. 6% D. -3%