The biggest challenge faced by the German health care system in the 1990s was
a. eliminating the long waiting lists for expensive medical services.
b. integrating East and West Germany into a single system.
c. controlling overall health care spending as a percentage of GDP.
d. how to control rising physicians' incomes in the name of social solidarity.
e. how to provide high-income Germans with an effective safety valve so they will continue to support the system with their taxes.
B
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Refer to Figure 11-2. The curve labeled "E" is
A) the output supply curve. B) the average product curve. C) the marginal product curve. D) the total product curve.
A government budget deficit will have a:
a. positive effect on public saving causing a rightward shift in the supply of loanable funds. b. positive effect on public saving causing a leftward shift in the supply of loanable funds. c. negative effect on public saving causing a rightward shift in the supply of loanable funds. d. negative effect on public saving causing a leftward shift in the supply of loanable funds.
In the 1990's Ireland made unemployment benefits less generous. This change would likely have reduced
a. both structural unemployment and the natural rate of unemployment. b. structural unemployment but not the natural rate of unemployment. c. both frictional unemployment and the natural rate of unemployment. d. frictional unemployment but not the natural rate of unemployment.
The investment rate is the percentage of total output allocated to
A. Saving. B. The production of new plants, equipment, and structures. C. Education and training for the workforce. D. Consumer retirement accounts.