If the government puts price controls on medical care, this will increase the supply of affordable care in the United States
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Under the Soviet system of communism
A) managerial pay was determined by the extent to which managers could lower the per-unit costs of production. B) the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries. C) competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world. D) technological progress was slow because managers had little incentive to develop new technologies.
How many Federal Reserve Banks are there?
A) 7 B) 12 C) 15 D) 5500 (approximately)
If there is a "long and variable time lag" between when a change in monetary policy is instituted and when it impacts aggregate demand and output, this will
a. make it easier for the Fed to properly time changes in monetary policy. b. make it more difficult for the Fed to properly time changes in monetary policy. c. not affect the Fed's ability to time monetary policy changes correctly. d. make it easier for the Fed to control inflation and achieve price stability.
Suppose the only three existing manufacturers of video game players signed a written contract by which each agreed to charge the same price for products and to distribute their products only in the geographical area assigned them in the contract. This
best describes: A. cost-plus pricing. B. multiproduct pricing. C. a cartel. D. price leadership.