In the United States in 2016, the health care industry was the largest employer in ________ states

A) 7
B) 27
C) 35
D) 48


Answer: C

Economics

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Which of the following is NOT an implication of the theory of purchasing power parity?

A) Exchange rates move to equalize the purchasing power of different currencies. B) Exchange rates should be at a level that makes it possible to buy the same amount of goods and services with the equivalent amount of any country's currency in the long run. C) A country with a higher inflation rate should experience an appreciation of its currency. D) The real exchange rate should equal one.

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The change in a firm's total revenue due to selling an additional unit of output is known as

a. marginal revenue b. average revenue c. price d. marginal cost e. marginal revenue product

Economics

Double counting includes counting value of what types of goods?

a. Intermediate and Final b. Intermediate and investment goods c. Intermediate and capital goods d. Double counting does not include the counting of any goods only services.

Economics

Which term refers to a legally established maximum price that firms may charge?

A) a price ceiling B) a subsidy C) a price floor D) a tariff

Economics