Medicare, Part B premiums are
A. quite low, relative to what private insurance would charge.
B. in line with what private insurance would charge.
C. just above what private insurance would charge.
D. quite high, relative to what private insurance would charge.
Answer: A
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In response to the destructive bank panics of the Great Depression, future bank panics are designed to be prevented by
A) establishing a fractional reserve system of banking. B) increasing the required reserve ratio to 100%. C) the establishment of the Federal Deposit Insurance Corporation. D) the Federal Reserve System conducting open market operations. E) the Federal Reserve System acting as a lender of last resort.
A firm can produce 840 gallons of paint per day with 6 workers, or 910 gallons per day with 7 workers. The marginal product of labor over this range of output, stated in gallons per worker per day, is
a. 140. b. 135. c. 130. d. 70.
If a nation is initially on its production possibilities curve, then it can increase its production of one good only by:
A. Decreasing the production of the other good B. Increasing the production of the other good C. Holding constant the production of the other good D. Decreasing the price of the other good
Keynesians explain the procyclical behavior of average labor productivity by introducing the concept of
A. labor hoarding. B. menu costs. C. sticky prices. D. sticky wages.