In the United States, doctors and hospitals that provide most health care are
A) 100 percent employed by the government.
B) primarily private firms.
C) split evenly between private firms and employed by the government.
D) primarily employed by the government.
B
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In 2012, the U.S. federal government had a budget deficit. If there is no Ricardo-Barro effect, the budget deficit ________ the real interest rate and ________ the equilibrium quantity of investment
A) lowered; increased B) raised; increased C) lowered; decreased D) raised; decreased E) did not change; did not change
A patent grants an inventor exclusive rights to a product for how long?
A) 14 years B) 17 years C) 20 years D) the lifetime of the product
If a new unit excise tax is levied on bottles of wine, the
A) demand for wine shifts to the left. B) demand for wine shifts to the right. C) supply of wine shifts to the right. D) supply of wine shifts to the left.
Well-being can be increased by:
A. policies that help people do business more efficiently. B. technologies that help people share more and better information. C. increasing the availability of accurate information. D. All of these are true.