National health insurance programs:
A. are usually too costly for developing nations to implement.
B. can increase use of health clinics versus traditional village doctors, who often have no medical training.
C. are always less efficient than privatized programs.
D. have solved the problem of providing high-quality care in places like India.
Answer: B
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The establishment of GATT resulted in
a. lower tariff rates b. increased tariff rates c. decreases in total world trade d. increased protectionism e. a rise in the price of imports
The investment function is represented by
A) an inverse relationship between the interest rate and the value of planned investment.
B) the direct relationship between the interest rate and the value of planned investment.
C) the indirect relationship between taxes and government spending.
D) the direct relationship between taxes and government spending.
When the social costs exceed the private costs, economists state that there is
A) a positive externality. B) an underproduction of output. C) a negative externality. D) a waste of resources in production.
Refer to the given data. If the market wage rate is $8, this firm will employ:
A. 2 workers.
B. 3 workers.
C. 4 workers.
D. 5 workers.