If health care spending is already on the flat-of-the-curve, it may not be possible to buy improved health status by increasing spending. In this situation, the best way to improve health status may be to
a. increase the availability of government health insurance.
b. invest in biotechnology to determine the genetic factors that improve health.
c. improve life-style decisions by reducing smoking, alcohol consumption, and drug use.
d. improve access to medical care.
e. improve overall educational attainment so people can better follow the advice from the medical community.
C
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A firm produces a good and generates $6 million in receipts. Wages are $1 million, rent is $500,000, and interest payments are $1 million. Then
A. profits are $3.5 million, the cost of production is $6 million, and households receive income equal to $6 million. B. profits are $500,000, the cost of production is $5 million, and households receive income equal to $4.5 million. C. profits are $1.5 million, the cost of production is $6 million, and households receive income equal to $2.5 million. D. profits are $500,000, the cost of production is $2.5 million, and households receive income equal to $4.5 million.
How can the migration distance affect the cost–benefit evaluation of moving to another nation?
What will be an ideal response?
A country that has an absolute advantage in producing all goods will ________
A) have a comparative advantage in some goods but not all B) produce all goods at lowest opportunity cost C) have a comparative advantage in all goods D) not gain from specialization and trade
Monopolistic competition, like perfect competition, is a market structure in which firms can easily enter and leave the industry
a. True b. False Indicate whether the statement is true or false