Refer to the figure that shows the market for U.S. health care. Other things equal, which of the following would shift the supply curve for medical care from S 2 to S 1 ?
A. An aging population.
B. Significant cost-increasing medical technology.
C. Expansion of the Medicare program to include prescription drugs.
D. Lower medical malpractice insurance premiums.
B. Significant cost-increasing medical technology.
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In economics, the demand for a good refers to the amount of the good people: a. would like to have if the good were free
b. will buy at various prices. c. need to achieve a minimum standard of living. d. will buy at alternative income levels.
If the price of inputs rises and foreign income rises:
a. Price index falls, and real GDP falls. b. Price index falls, and the change in real GDP is uncertain. c. The change in price index is uncertain, and real GDP rises. d. Neither the price index nor real GDP changes. e. Price index rises, and the change in real GDP is uncertain.
__________ make airfare shopping more accessible
Fill in the blank(s) with the appropriate word(s).
Central bank independence refers to the central bank’s ability to make decisions without political interference.
Answer the following statement true (T) or false (F)