The demand for a necessity generally is
A) very elastic.
B) infinitely elastic.
C) unaffected by income.
D) inelastic.
E) unit elastic.
D
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Moe has a big exam tomorrow. He considered studying this evening, but decided to hang out with Curly instead. If neither activity involves any explicit costs, and Moe always chooses rationally, then it must be true that:
A. Moe gets less benefit from spending time with Curly than from studying. B. the opportunity cost of studying is greater than the value Moe gets from spending time with Curly. C. Moe gets more benefit from spending time with Curly than from studying. D. the opportunity cost of studying is less than the value Moe gets from spending time with Curly.
Oligopoly is a market structure in which
A) many firms each produce a slightly differentiated product. B) one firm produces a unique product. C) a small number of firms compete. D) many firms produce an identical product. E) the number of firms is so small that they do not compete with each other.
A device used to measure the movement of stock prices is called a(n)
A) exchange B) index. C) network. D) bureaucracy.
Eliminating health disparities across various population groups requires that we:
a. initiate health system reform to bring about universal insurance coverage. b. address the source of many individual disparities that rest in behavioral, socioeconomic, and environmental factors. c. expand in-patient hospital access for inner-city residents. d. focus solely on improving the health of our most vulnerable population groups. e. provide better health and nutritional education.