Health care improvements often don't happen because:
A. they are too expensive to have any significant impact.
B. health care facilities don't exist in some parts of the world.
C. they are too expensive to implement.
D. doctors overprescribe and drive the cost of health care too high.
Answer: B
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A nation's real GDP was $250 billion in 2014 and $265 billion in 2015. Its population was 122 million in 2014 and 125 million in 2015. What is the growth rate of real GDP per capita in 2015?
A. 5.0% B. 1.1% C. 3.4% D. 2.5%
Over time the full-employment level of output in the United States has risen steadily
a. True b. False
Because of diminishing returns, a factor in abundant supply has a
a. high marginal product and a high rental price. b. high marginal product and a low rental price. c. low marginal product and a high rental price. d. low marginal product and a low rental price.
A country with relatively abundant supplies of labor is unlikely to have a comparative advantage in the production of labor intensive goods.
a. true b. false