One of the most important determinants of accelerated economic growth is:
a. relaxed property rights
b. an increase in population.
c. a high level of savings.
d. an increased rate of consumption.
c
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Most empirical studies show that the cost-savings provided by managed care are accomplished by
a. better preventive care. b. reducing the rate of hospitalization. c. denying access to costly specialty care. d. switching to generic drugs. e. all of the above.
Perfect competition is the term used to describe:
a. an industry in which a few price-taking firms produce identical products b. an industry in which numerous price-taking firms produce identical products. c. an industry in which firms are price takers and compete for market share by varying the qualitative characteristics of products. d. an industry in which numerous firms are price makers and produce identical products.
Suppose that the country of Argentina has an 6% real interest rate and an expected inflation rate of 10%. Which of the following is the best estimate of the nominal interest rate in the country?
a. 16% b. 8% c. 4% d. 18% e. none of the above
How much is induced consumption when disposable income is $3 trillion?
A. 0
B. $1 trillion
C. $1.5 trillion
D. $2.5 trillion