Rising healthcare costs are attributable to
A. reliance on expensive technology to support and prolong life.
B. people living longer and desiring more care.
C. third-party financing of healthcare costs.
D. all of these.
Answer: D
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What is new about environmental problems today is
A. that for the first time in history, we have environmental problems. B. the increased rate at which air and water pollution is occurring in the United States. C. the amount of attention the community now gives them. D. that environmental problems with pollution and garbage disposal have almost completely disappeared.
If a firm requires a standardized raw material to produce its output, ________ is often the least expensive option to purchase the raw materials.
A) backward integration B) forward integration C) divestiture D) the spot market
A decrease in the price of electricity can best be explained by
A. Abnormally cold winters and hot summers. B. The increased use of electronic devices such as computers. C. A decrease in the population. D. A growing economy.
A relatively high base income in a cash assistance program:
A. reduces the incentive to work. B. increases the incentive to work. C. does not affect the incentive to work. D. will reduce the incentive to work through the substitution effect but will increase the incentive to work through the income effect.