A limitation one faces when shopping for clothes is the amount of time available to shop
a. True
b. False
Indicate whether the statement is true or false
True
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The concept quality-adjusted life year (QALY)
a. is a multidisciplinary approach to measuring health status. b. has little application to medical decision making. c. is used extensively in the U.S. to evaluate health care programs. d. is used extensively to evaluate medical care resource allocation within government-run programs on fixed budgets, especially in Europe. e. none of the above.
Refer to Figure 2-9. If the economy moves from point A to point D, the opportunity cost is
a. 10 toasters. b. 20 toasters. c. 30 toasters. d. 30 toothbrushes.
If we were to look at the demand curve for a business traveler on an airline versus a casual vacationer on the same airline, we would see that ______.
a. the business traveler would have a nearly horizontal curve b. both curves would have approximately the same slope c. the casual vacationer would have a less steep slope d. the casual vacationer would have a nearly vertical slope
The U.S. negative balance of trade was almost ________ in 2008.
A. $200 billion B. $400 billion C. $600 billion D. $800 billion