Which of the following is NOT a reason for rising health care expenditures in the United States over the last 40 years?
A) aging of the population
B) technological change
C) third-party financing of health care expenditures
D) discovery of new diseases
D
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The sum of the current account, capital and financial account, and official settlements account is
A) a positive number if the country has a trade surplus. B) a negative number if the country has a trade deficit. C) positive or negative depending on whether the domestic exchange rate is appreciating or depreciating. D) always equal to zero.
Spending on new goods and services out of a household's current income is
A) consumption. B) the capital consumption allowance. C) savings. D) investment.
If the cross-price elasticity of demand between two goods is 0,
a. a price change for one good will be exactly offset by a price change for the other b. neither demand curve would shift following a change in the price of one of the goods c. there is no income effect between the two goods d. the demand for each good is price inelastic e. the demand for each good is price elastic
Which theory asserts that when the costs of becoming informed and voting are too high, people will not vote in an election?
a. Theory of rational ignorance b. Median voter theory c. Normative political theory d. Theory of majority rule