Employer-provided private health insurance:
A. is unique to the United States and not typically found in other countries.
B. is the most common form of health care provision in industrialized countries.
C. substantially reduces the cost of health care provision relative to national health insurance
schemes.
D. provides a small percentage of health care spending in the United States.
Answer: A
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As the number of substitutes for a good increases, the absolute value of its own-price elasticity
a. stays the same b. increases c. decreases d. the good becomes perfectly inelastic.
In the short-run macro model, aggregate expenditures are found by which of the following formulas?
a. AE = C + I + G + NX b. AE = Ip + T + S + G c. AE = C + Ip - T + NX d. AE = C + Ip + G + NX e. AE = C + Ip + G - NX
Which one of the following factors would increase the demand for oranges?
a. an increase in the price of grapefruit, a substitute product b. a reduction in the price of bananas, a substitute product c. development of a line of high-yield orange trees that are also more freeze resistant d. a decrease in consumer income
The highest fifth of all families receive approximately ________ of the distribution of annual money income among families
a. 5 percent b. 10 percent c. 25 percent d. 50 percent