Approximately what percentage of total health care spending goes toward physicians' services?
a. One-tenth.
b. One-fifth.
c. One-fourth.
d. One-third.
e. One-half.
C
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If the MC of polluting decreased, then what would happen to the optimal level of pollution?
A. Stay the same B. Unsure C. Increase D. Decrease
According to the ability-to-pay principle of taxation
A) people in the same economic situation should bear an equal share of the tax burden. B) individuals who are willing to bear a greater share of the tax burden should be compensated with non-monetary benefits. C) it is fair to expect a greater share of the tax burden to be borne by people who have a greater ability to pay. D) individuals who receive the benefit of a good or service should bear a greater share of the tax burden.
An increase in the federal budget deficit _____
Fill in the blank(s) with the appropriate word(s).
Which of the following will NOT lead to a shift in the investment function?
A. A firm is more certain about its future profitability. B. The cost of borrowing funds has decreased. C. The government just lowered business taxes. D. A new discovery leads to a technological advancement.