The largest government-run health care system in the world, with 1.4 million employees, is in
A) Canada.
B) Japan.
C) the United Kingdom.
D) the United States.
Answer: C
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Your college bookstore buys a used textbook for $25 and sells it to you for $125. What happens to GDP?
A) It increases by $25. B) It increases by $100. C) It increases by $125. D) It increases by $150.
When the exchange rate for the British pound changes from $1.80 per pound to $1.60 per pound, then, holding everything else constant, the pound has ________ and ________ expensive
A) appreciated; British cars sold in the United States become more B) appreciated; British cars sold in the United States become less C) depreciated; American wheat sold in Britain becomes more D) depreciated; American wheat sold in Britain becomes less
Increases in __________ have been responsible for most of the economic growth in the U.S. over the last 50 years
a. imports. b. productivity. c. average hours. d. the employment-to-population ratio. e. tax revenues.
Refer to the diagram. A government-set price ceiling is best illustrated by:
A. price A.
B. quantity E.
C. price C.
D. price B.