In a centrally planned economy, decisions are made by
A. private businesses.
B. large corporations.
C. top-level government officials.
D. low-level government employees.
Answer: C
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How have some patients been harmed by Medicare reimbursement caps?
A) They have been discharged from the hospital too soon, so that the hospital can cut costs. B) They have been kept in the hospital too long, so that the hospital can get a higher reimbursement amount. C) They have had to undergo unnecessary procedures, so that the hospital can get a higher reimbursement amount. D) They have had to wait too long for essential procedures.
If exchange rates are allowed to fluctuate freely and the US demand for Japanese yen increases which of the following will happen?
a. the US balance of trade deficit will worsen in the long run b. Americans will have to pay more for Japanese goods c. It will be more expensive for the Japanese to buy American real estate d. the dollar will appreciate e. more Americans will want to travel to Japan
A 25% import tariff on imported cheese is referred to as
A) Ad valorem. B) Combination. C) Specific. D) None of the above.
A $1,000 price tag on a Coach handbag in a department store is an example of money serving as a
A. medium of exchange. B. unit of accounting. C. store of value. D. an investment tool.