Many economists note that the shortage of organs is, at least in part, attributable to the fact that the price of organs is
A. determined by market forces.
B. right at equilibrium.
C. fixed at zero.
D. kept too high.
Answer: C
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What would be an example of a consumption good?
A) Donald Trump purchases furniture for his office. B) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. C) Jake buys an iPhone. D) The local driver's license office purchases a new digital camera and printer. E) Rhianna gets a haircut.
If potential GDP for the first quarter of 2013 = $75.8 billion, nominal GDP for the first quarter of 2013 = $80.3 billion, and the GDP deflator = 109, then the output gap was
A) 2.8%. B) 4.7%. C) 5.6%. D) 5.9%.
Shawn determines that if Lexall Corporation has high revenues, then Waters Corporation will have low revenues, and that if Lexall Corporation has low revenues, then Waters Corporation will have high revenues. Shawn buys stock in both corporations
a. He has reduced firm-specific risk but not market risk. b. He has reduced market risk, but not firm-specific risk. c. He had reduce both firm-specific risk and market risk. d. He has reduced neither firm-specific risk nor market risk.
Medicaid patients are disproportionately
A. female children. B. female. C. children. D. wealthy.