An important contributor to rising U.S. health care costs in recent years is
A. less interest on the part of Americans to stay physically fit.
B. an easing of standards at medical schools that has permitted unqualified people to become physicians.
C. the aging of the population.
D. the increasing proportion of the population that smokes.
Answer: C
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Use the following figures to answer the next question.
In the diagrams, AD1 and AS1 are the "before" curves. Stagflation is depicted by ________.
A. panel (A) only B. panel (B) only C. panel (C) only D. panels (B) and (C)
An employer discriminating against Asian workers is an example of:
A) special interest group discrimination. B) cultural discrimination. C) statistical discrimination. D) taste-based discrimination.
In the above table, the production of 3 pizzas and 80 cases of soda is
A) impossible unless more resources become available or technology improves. B) feasible but would involve unemployed or misallocated resources. C) possible only if the economy produces with maximum efficiency. D) possible only if there is inflation.
When the demand curve is a downward sloping straight line, the quantity at which the marginal revenue curve intersects the horizontal (quantity) axis is ________ the quantity at which the demand curve intersects the horizontal (quantity) axis.
A. equal to B. twice C. four times D. half