According to the text, government spending accounts for about ________ percent of all U.S. health care expenditures
A) 70
B) 10
C) 30
D) 40
Answer: D) 40
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Monopolists use the hurdle method of price discrimination in order to:
A. produce the socially optimal level of output. B. increase the demand for their good. C. lower their marginal cost. D. separate consumers on the basis of their reservation prices.
The assumption of imperfect information is critical to
A) the old Keynesian and all New Classical approaches. B) all New Classical approaches. C) the Friedman, Phelps, and Lucas New Classical approaches. D) the real business cycle approach.
The inflation that occurred during the Civil War (1861–1865) can be described as all of the following except
(a) A means of expropriating resources to fight the war (b) A form of taxation to provide resources to fight the war (c) A representation of a decrease in the purchasing power of money (d) A less expensive way of paying for the war than taxation
Firms use hostages
A) to force employees to work. B) to encourage good behavior. C) to get employees to work for less money. D) None of the above.