U.S. health care spending amounts to _____ per year.
A. $7.8 billion
B. $1.1 million
C. $2.2 trillion
D. $4.4 trillion
C. $2.2 trillion
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The following input-requirements data are for Country A, a capital-abundant country that produces nothing but bread and wine using only capital and labor as inputs. According to the H-O theory, Country A has a comparative advantage in the production of 1 Pound of Bread1 Gallon of WineCapital Input5 units20 unitsLabor Input4 units10 units
A. wine. B. both bread and wine. C. bread. D. neither bread nor wine.
Recall the Application about choosing a price for drones based on a linear demand curve to answer the following question(s).Recall the Application. Suppose a firm that produces drones has a linear demand curve for its product, with a vertical intercept of $1,500. If the firm does NOT want the demand for its product to be price-inelastic, the minimum price it should charge is:
A. $500. B. $750. C. $1,000. D. $1,500.
A decrease in the degree a good is liked (the increase in the taste for a good) would
A. move its demand curve to the right. B. cause a movement along the demand curve to a (lower price, higher quantity) point. C. move its demand curve to the left. D. cause a movement along the demand curve to a (higher price, lower quantity) point.
Define logrolling. Explain why logrolling often results in legislation that benefits the economic interests of a few, while harming the interests of a larger group of people
What will be an ideal response?