Which of the following is a law passed in the last 15 years relating to health care?
A. Establishment of health maintenance organizations to reduce health care costs.
B. Establishment of deductibles and copayments in health insurance policies.
C. Establishment of health savings accounts (HSAs) to promote saving for routine medical
expenses.
D. Establishment of fixed Medicare payment to hospitals based on one of several hundred
diagnostic categories.
Answer: C
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Capital outflows in the balance of payments accounts include
a. purchases of financial assets by U.S. residents. b. direct investments in foreign countries. c. indirect investments in foreign countries. d. purchases of U.S. real estate by foreigners. e. all of the above
The purpose of the IMF is to:
A. provide developing countries with short-term loans and technical assistance. B. determine monetary and fiscal policy in developing countries. C. determine exchange rates for developing countries. D. buy and sell the currencies of developing countries in order to stabilize their value.
The Bureau of Labor Statistics has chosen the price level from ________ to be the base price level used in calculating the CPI.
A. 2010-2015 B. 1982-1984 C. 1995 D. 1992
If the price of orange juice rises 10%, and as a result the quantity demanded falls by 8%, the price elasticity of demand for orange juice is
A) -1.25. B) elastic. C) Both A and B above. D) Neither A nor B above.