On an annual basis, Americans spend about as much on health care as they do on
A) food.
B) clothing.
C) transportation.
D) housing.
D
You might also like to view...
In the United States, the average length of expansions from 1950 to 2009 was more than twice as long than they were from 1900 to 1950
Indicate whether the statement is true or false
Per capita income in China is approximately ________% of the U.S. level
A) 17 B) 80 C) 40 D) 5
Amy can produce either 5,000 pounds of cheese or 20 cars per year. Mike can produce either 5,000 pounds of cheese or 10 cars per year. Mike's opportunity cost of producing one pound of cheese is ________ car(s).
A. 1/250 B. 500 C. 1/500 D. 1/10
Consider that a cartel is functioning at full effectiveness. If the cartel's marginal cost of production increases, the cartel's profit-maximizing price
A. also increases. B. initially decreases and then increases. C. decreases. D. remains constant.