An economist would predict that if the government imposes price controls on medical care, the result will be an increase in the supply of affordable care in the United States.
Answer the following statement true (T) or false (F)
False
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Fishing, the lumber industry, tourism, and even city buildings in Canada are harmed by acid rain, most of which comes from the United States. According to the Coase theorem, the problem is
a. easy to solve because the United States and Canada are geographically close b. easy to solve because the United States and Canada are allies c. easy to solve because international property rights are recognized among capitalist countries d. hard to solve because international negotiations are more costly than domestic ones e. hard to solve because Canadians have property rights to clean, nonacidic rain
Women in developing countries tend to be more educated than men
Indicate whether the statement is true or false
According to the text, the 17 countries with high degrees of economic freedom
A. account for less than 20 percent of total world output. B. account for 80 percent of total world output. C. have low productivity. D. have the weakest economies.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point B. The opportunity cost of moving from Point B to Point A is the
A. 120 LCD TVs that must be forgone to produce 20 additional OLED TVs. B. 30 LCD TVs that must be forgone to produce 40 additional OLED TVs. C. 20 OLED TVs that must be forgone to produce 30 additional LCD TVs. D. 40 OLED TVs that must be forgone to produce 120 additional LCD TVs.