Neither part of Medicare covers
A. hospice care.
B. prescription drugs and hospice care.
C. prescription drugs.
D. doctors' visits.
Answer: A
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The law of diminishing marginal product is a reason why the demand curve for labor is downward sloping
a. True b. False Indicate whether the statement is true or false
The United States has a more unequal income distribution than many other developed countries such as Japan and Germany
a. True b. False Indicate whether the statement is true or false
Figure 3-5
In , if the initial demand for margarine were D1, an increase in the price of butter, which is a substitute for margarine, would tend to cause which of the following changes in the market for margarine?
a.
a shift in the demand curve from D1 to D2
b.
a shift in the demand curve from D2 to D1
c.
a movement along demand curve D1 from a to b
d.
a movement along demand curve D1 from b to a
The graph above shows a monopolistic competitor
A. in the short run taking a loss.
B. in the short run making a profit.
C. in the long run breaking even.
D. in the long run taking a loss.