A currency appreciation reduces aggregate demand and raises aggregate supply.
Answer the following statement true (T) or false (F)
True
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Which of the following is a problem that arises in a health insurance market?
A) There are a large number of buyers of various insurance programs. B) There exists a fierce competition between the insurance providers. C) A disproportionate number of high-risk individuals are attracted to buy insurance. D) Only risk-averse individuals buy insurance.
The benefit the consumer of a good or service receives is the
A) social benefit. B) external benefit. C) private benefit. D) public benefit. E) consumption benefit.
The explicit costs of an item include all of those things that must be forgone to acquire that item
a. true b. false
Which of the following is not one of the work disincentive criticisms of welfare programs?
A. Welfare provides income that is easier to obtain than by working, so poor are induced to reduce their work effort. B. Because welfare benefits are paid for with money collected from taxes and these taxes reduce take home pay for those working, the reward for work is reduced. C. Bureaucracy associated with welfare results in more money in the hands of bureaucrats than in the hands of the poor. D. The more a welfare recipient earns from a job, the fewer the benefits he or she receives.