In the United States, government spending (federal, state, and local) on health care services accounts for ________ of all health care spending
A) 7%
B) 47.3%
C) 52.7%
D) 84.4%
C
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Sharmila has a budget line for DVDs and books. DVDs are on the vertical axis and books on the horizontal. Her budget line becomes steeper as
A) the price of a DVD falls. B) the price of a DVD rises. C) her income decreases. D) her income increases.
If you know the required reserve ratio, then you know how much each bank is holding in reserves
a. True b. False Indicate whether the statement is true or false
When prices on science fiction novels decreased by 5%, the quantity demanded increased by 20%. The price elasticity of demand is
a. 4. b. 20. c. 0.25. d. 5.
Suppose Stephen's first novel makes the New York Times bestseller list. Regression to the mean implies that his second novel:
A. won't be as popular as his first novel. B. will be even more popular than his first novel. C. will have a similar plot to his first model. D. will be a complete flop.