The percentage of national income spent on health care
A) has steadily decreased since 1965.
B) has steadily increased since 1965.
C) increased until the end of the 1970s and then decreased in the 1980s and 2000s.
D) decreased until the end of the 1970s and then increased in the 1980s and 2000s.
B
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The U.S. personal savings rate for the first quarter of 2012 dropped to its lowest level since the start of the recession. Americans stashed away 3.6 percent of personal income in the first quarter, down from 4
2 percent in the fourth quarter and a near-term peak of 6.2 percent in the second quarter of 2009. Which of the following could explain this drop in savings? A) a decrease in wealth from a fall in stock prices B) a rise in the real interest rate C) an increase in disposable income as the job market recovers D) a rise in consumer confidence that their incomes will be higher in the future
If Tattling Tina tattles, what would Bratty Brenda's best response be
a. Hit b. Not hit c. Run d. Hide
The monopsonistic employer hires more workers until marginal:
a. physical product is zero. b. revenue product equals marginal factor cost. c. revenue product equals the wage. d. physical product equals the wage. e. physical product equals marginal factor cost
Which of the following defines total profit?
a. average revenue minus average cost b. marginal cost times output c. marginal revenue minus marginal cost d. total revenue minus total cost e. average cost divided by output