The top 5 percent of health care users in the United States account for
A. almost 90 percent of all health costs.
B. over 50 percent of all health costs.
C. over 75 percent of all health costs.
D. 10 percent of all health costs.
Answer: B
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Holding the price of a firm's output constant, if the marginal product of labor increases
A) the marginal products of other inputs also increase. B) the marginal revenue product of labor also increases. C) the marginal revenue product of labor may increase or decrease. D) the marginal revenue product of labor decreases.
You view tea and scones as perfect complements, and the corners of the indifference curves lie on the 45-degree line. Tea is plotted along the horizontal axis of the indifference map
Also, at your current point of consumption, you have not fully exhausted the available budget, and you consume more tea than scones. Based on this information, which of the following statements is NOT true? A) The marginal utility of tea equals zero for your current consumption bundle. B) The marginal utility of scones equals zero for your current consumption bundle. C) To reach the point of optimal consumption, you must increase your scone consumption. D) The equal marginal principle does not have to be satisfied at the optimal consumption point for this problem.
A corporation with “plowback”
A. deliberately earns negative profit on some activities in order to get better tax treatment. B. buys back shares of its stock from shareholders. C. retains some of its earnings for investment. D. issues unsecured stock.
The TANF program is generally thought of as being a success because _____
a. welfare rolls have declined significantly since its inception b. welfare spending has declined significantly since its inception c. is similar to the AFDC program while being strictly means-tested d. a and b