Which of the following statements is based on positive analysis?
a. Everyone should have the same access to medical care services regardless of the ability to pay for it.
b. Pharmaceutical prices ought to be lower.
c. Universal insurance coverage should be the goal of every country.
d. Employers should be required to provide health insurance for all full-time workers and their dependents.
e. High health care prices are one of the primary reasons that the U.S. spends more on medical care than other countries
e. High health care prices are one of the primary reasons that the U.S. spends more on medical care than other countries
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A country will have a balance-of- payments deficit when its exchange rate:
A. equals the market equilibrium value. B. is undervalued. C. is overvalued. D. is flexible.
Eco Energy is a monopolistically competitive producer of a sports beverage called Power On. Table 13-2 shows the firm's demand and cost schedules. Refer to Table 13-2. What is the marginal profit from producing and selling the 5th case?
A. $10 B. $20 C. $30 D. $40
With a given plant size, an increase in output will NOT result in an increase in
A. average fixed cost. B. total cost. C. average variable cost. D. total fixed cost.
Whenever I go to the grocery store, I always stop at Starbucks on the way home. Therefore, going to the grocery store causes me to go to Starbucks. This statement is an example of the
A. ceteris paribus fallacy. B. fallacy of logic. C. fallacy of inductive reasoning. D. post hoc, ergo propter hoc fallacy.