Policies which promote improvements in health for a society are central to:
A. government deficit spending.
B. rising health care costs.
C. economic development.
D. government monetary policy.
Answer: C
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Normal profit and the cost of capital are the same concept
Indicate whether the statement is true or false
The residents of a particular town typically enjoy taking their dogs along when they go to their local park for recreation and picnics. Everybody enjoys the park more when each group cleans up after themselves and their pets, but nobody enjoys the act of cleaning up after themselves or their dogs. We can expect the park to be _____ because of the _____
a. dirty; prisoner's dilemma b. clean; prisoner's dilemma c. dirty; overuse of a common resource d. clean; overuse of a common resource
Based on the demand curves for perfectly competitive firms and monopolists, the monopolist loses the profit in area C when it ______.
a. raises prices by one more unit
b. increases output by one more unit
c. sells one more unit at the same price
d. sells one less unit at the same price
The fact that many primary and secondary school teachers enjoy work schedules that coincide with their children's school schedules:
A. implies that teachers will earn more than workers with similar qualifications in other jobs. B. implies that teachers will earn less than workers with similar qualifications in other jobs. C. arises because the market for teachers is a winner-take-all market. D. has no bearing on the wages of teachers relative to the wages of workers in other jobs.