The saving function is
A) cY.
B) Y - T.
C) (1 - c)(Y - T).
D) -a + (1 - c)(Y - T).
D
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Shoe-leather costs of inflation arise from the
A) increasing costs of apparel (clothes and shoes) as inflation rises. B) decline in the use of money as a unit of account. C) increase of velocity as inflation rises. D) confusion that results from higher inflation. E) increasing costs of agricultural products as inflation rises.
The process of allocating the total product among the resources involved is referred to as
a. geographic distribution. b. functional distribution. c. marketing distribution. d. frictional distribution.
Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12 minutes to make a smoothie. Which of the following statements is correct?
A. Tracy should specialize in sandwiches and smoothies. B. Dan should specialize in sandwiches, and Tracy should specialize in smoothies. C. Dan should specialize in both sandwiches and smoothies. D. Dan should specialize in smoothies, and Tracy should specialize in sandwiches.
The Patient Protection and Affordable Care Act (PPACA) attempts to provide health-insurance coverage to low-income people through the following, except:
A. Establishing a new government insurance system specifically for the poor B. Requiring large employers to cover all their employees including the poor C. Expanding the Medicaid system to cover those whose incomes are less than 133% of the poverty level D. Providing subsidies to purchase health insurance to those who must buy insurance coverage on their own