In the United States in 2016, a majority of people received health care through
A) Medicare.
B) Medicaid.
C) their employers.
D) individually purchased insurance policies.
Answer: C
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Refer to the above figure. Suppose the government imposes a minimum wage rate of $20.00 per hour. This will likely result in
A) a surplus of labor. B) a shortage of labor. C) an equilibrium in the labor market. D) an increase in the demand for labor.
When the value of a currency decreases relative to other currencies, we say that a currency experiences:
A. exchange-rate appreciation. B. exchange-rate depreciation. C. interest-rate appreciation. D. interest-rate depreciation.
The discount rate is the interest
A. rate at which the central banks lend to the United States Treasury. B. rate at which the Federal Reserve Banks lend to commercial banks and thrift institutions. C. yield on long-term government bonds. D. rate at which commercial banks and thrifts lend to the public.
Refer to the graph below.
Productive inefficiency occurs at what point?
A. A B. B C. C D. D