Refer to the information provided in Figure 17.2 below to answer the question(s) that follow. 
Figure 17.2 Refer to Figure 17.2. We would say that Sam is risk neutral based on his
A. income potential.
B. utility from income.
C. present income.
D. past income.
Answer: B
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Marginal revenue product is increasing as
A. the marginal physical product is increasing, other things equal. B. the amount of time is increasing, other things equal. C. the revenue from sales decreases, other things equal. D. the revenue from one more unit produced falls, other things equal.
Field (2003) claims that the period from 1929 to 1941 was the strongest period of what in U.S. history?
(a) Technological advancements (b) Monetary policy (c) Government action (d) Internationalization
Table 1.2 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus. Complete the table by calculating the required opportunity costs for both the B-1 and Stealth bombers. Table 1.2Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost(Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)A20NA195 B35 180 C45 150 D50 100NAThe highest opportunity cost in Table 1.2 for B-1 bombers in terms of Stealth bombers is
A. 10 Stealth bomber per B-1 B. 10 Stealth bombers per B-1 C. 10 B-1 bombers D. 33 B-1 bombers
Answer the following questions true (T) or false (F)
1. Health care spending per person is lower in the United States than in most other high-income countries. 2. In the United States, health care spending as a percentage of GDP has declined since 1965. 3. As a percentage of GDP, health care spending on Medicare and Medicaid is expected to double over the next 40 years unless health care costs begin to grow at a slower rate.