Health care costs have been rising due to
A) an aging population.
B) new technologies.
C) third-party financing.
D) All of the above are correct.
D
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What does GDP measure, and what is the formula for calculating GDP using the expenditures approach?
What will be an ideal response?
What could result in an increase of consumption demand and a decrease in labor supply?
A) a drop in current taxes B) an increase in future taxes C) a decrease in total factor productivity D) an increase in government expenses
Which of the following is an example of an innovation that can lead to new investment and spur the economic growth of a nation?
a. Horizontal drilling and hydraulic fracturing resulting in the discovery of new sources of shale gas in the U.S. b. Outsourcing the manufacturing units of a U.S. shoe-making company, resulting in the reduction of overhead costs c. A tire manufacturer laying off some of its workers to increase its profit margin d. An automobile-manufacturing company using cheaper machines for its main product line
Explain how the combination of major changes in the weather and price inelasticity of demand for a food item can lead to wide fluctuations in a farmer's income from year to year