Those without any health insurance in the U.S. tend to be the following groups, except:
A. Those who are in excellent health and those with the poorest health
B. Workers in small firms
C. Minimum-wage workers
D. Those receiving Social Security payments
D. Those receiving Social Security payments
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If the country wanted to produce the maximum total number of units of guns and butter combined, it would produce at point(s) ________________.
Based on the model of the money market, if prices in the economy decrease, the equilibrium interest rate should
A) stay the same. B) increase. C) decrease. D) increase to the same extent that the supply of money increases.
If the price of a DVD decreases by 50 percent, the quantity demanded increases by 75 percent. The price elasticity of demand is:
A. –1.5 and is inelastic. B. –1.5 and is elastic. C. –0.67 and is elastic. D. –0.67 and is inelastic.
The GDP growth rate is report at annualized rate. This means each quarter’s growth rate is ______ and reported as if the economy had the same growth rate for the entire year.
a. divided by 12 b. multiplied by 4 c. divided by 4 d. multiplied by 12