Which of the following is not a practice of Japanese physicians
a. Performing a unusually large number of surgeries.
b. Seeing a large number of patients daily.
c. Dispensing medicine to their patients.
d. Accepting gifts of appreciation from their patients for special service.
e. Discharging patients from the hospital after relative short average stays.
A
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Which of the following events in U.S. history did not create economic growth (shift the production possibilities curve outward)?
A. The Louisiana Purchase in 1803 that nearly doubled the land mass of the United States. B. Inventions of machines such as Cyrus McCormick's mechanical reaper. C. The introduction of the moving assembly line in automobile production by Henry Olds. D. The dramatic reduction in the U.S. unemployment rate from 1939 to 1941 as we prepared to enter World War II.
A university raises annual tuition by 10 percent. No other events have occurred, and the university's revenues have increased. It must be TRUE that
A. there was no associated change in quantity demanded. B. the associated change in quantity demanded was greater than 10 percent. C. the associated change in quantity demanded was smaller than 10 percent. D. the associated change in quantity demanded was equal to 10 percent.
Economics can be defined as the social science that explains the ________
A) choices made by politicians B) choices we make when we trade in markets C) choices that we make as we cope with scarcity D) choices made by households
The Bay Area subway system, BART, offers senior citizens discounted fares for BART rides. This suggests that BART authorities believe that senior citizens have a ________ demand for subway rides
A) less price elastic B) more income elastic C) more price elastic D) less income elastic