A cold spell in Florida extensively reduced the orange crop, and as a result, California oranges commanded a higher price. Which of the following statements best explains the situation?
a. The supply of Florida oranges fell, causing the supply of California oranges to increase as well as their price.
b. The supply of Florida oranges fell, causing the supply of California oranges to decrease and their price to increase.
c. The supply of Florida oranges fell, causing their price to increase and the demand for California oranges to increase.
d. The demand for Florida oranges was reduced by the freeze, causing an increase in the price of California oranges and a greater demand for them.
C
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The defining characteristic of an HMO is:
A. that medical treatment is provided for a fixed annual fee. B. the emphasis on acute medical treatment. C. that medical treatment is provided on a fee-for-service basis. D. that patients have the freedom to see nonmember physicians.
Why is responding to a financial crisis by bailing out financial institutions more effective than direct support of nonfinancial businesses?
What will be an ideal response?
Social insurance programs are designed to provide financial assistance to people who have fallen into poverty
Indicate whether the statement is true or false
A negative income tax works by
A. giving money to everyone in the U.S. B. not taxing people who make negative income. C. taxing people until they have a negative income. D. giving people below a certain income level a lump sum and then taxing further income.