When the patient interacts with a provider, the patient incurs:
a. Meal costs
b. Travel costs
c. Price of the services
d. Opportunity cost
e. Wait costs
Answer:
b. Travel costs
c. Price of the services
e. Wait costs
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Although the pegged exchange rate between the yuan and the dollar has undervalued the yuan, China had been reluctant to abandon the peg for fear that abandoning the peg would
A) increase Chinese holdings of dollars. B) reduce exports and reduce economic growth. C) reduce capital inflows. D) increase exports and increase the current account deficit.
In economics, what is the difference between the short run and the long run?
What will be an ideal response?
If potential GDP for the fourth quarter of 2012 = $58.5 billion, and real GDP for the fourth quarter of 2012 = $53.7 billion, then the output gap was
A) -8.9%. B) -8.2%. C) 8.2%. D) 8.9%.
Graphically, the optimum choice of a consumer is determined at: a. the point of intersection of the lowest indifference curve and the budget constraint. b. the point of intersection of the budget line and the vertical axis
c. the point where the highest indifference curve is tangent to the budget constraint. d. the point of intersection of the budget line and the horizontal axis.