Health care makes up ________ of the U.S. economy
A) about 2 percent
B) roughly 8 percent
C) more than one-sixth
D) almost two-thirds
Answer: C
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In the above figure, point B
A) is superior to point A. B) is inferior to point A. C) is as good as point A. D) could be superior to, inferior to, or as good as point A but there is no way of telling which.
What is the basic problem of developing countries?
A) corruption B) murder C) poverty D) stock market E) natural resources
The money market is in equilibrium when there is no excess supply of or excess demand for bonds
a. True b. False
In many high-tech industries in the economy, such as computers, medical equipment, and automobiles
a. price competition is utilized by firms more than innovation to compete with rivals. b. firms compete on the basis of innovation only; never engaging in price competition. c. innovation is utilized by firms to compete with rivals more than price competition. d. firms use price competition only; never engaging in innovation to compete with rivals. e. firms utilize innovation and price competition equally to compete with rivals.