Real GDP is the most effective measure for determining the:
A. Income level per household.
B. Change in the price level.
C. Standard of living across countries.
D. Growth rate of the economy over time.
D. Growth rate of the economy over time.
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Following adjustments to a new equilibrium in a market, the market clearing price remains unchanged, but the equilibrium quantity is now lower. Which of the following could definitely have caused this outcome?
A) Demand and supply both increased. B) Demand and supply both decreased. C) Demand increased, and supply decreased. D) Demand decreased, and supply increased.
Why would a health system want to participate in a trial of bundled payment?
A. Because profits from a bundled payment are usually guaranteed B. To gain experience with a new payment system C. Beneficiary satisfaction is higher in traditional Medicare D. All of the above
In a nation's balance of payments, which one of the following items is always recorded as a positive entry?
A. Changes in foreign currency reserves B. Purchases by foreign travelers visiting the country C. Imports of goods and services D. Military foreign aid supplied to allied nations
If, after winning the lottery, you start eating more sirloin steaks and less chicken we can conclude that for you Question 11 options:
A. your demand for chicken has increased along with your demand for sirloin steaks. B. sirloin steaks are an inferior good and chicken is a normal good. C. sirloin steaks are a normal good and chicken is an inferior good. D. sirloin steaks and chicken are complements.