The dollar sum of costs that an insured individual must pay before the insurer begins to pay would be considered:
A. Copayments
B. Play-or-pay
C. Fee for service
D. Deductibles
D. Deductibles
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According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant
a. True b. False Indicate whether the statement is true or false
Suppose that when the price of hamburgers increases, the Ruiz family increases their purchases of hot dogs. To the Ruiz family,
A) hamburgers and hot dogs are normal goods. B) hamburgers and hot dogs are substitutes. C) hamburgers and hot dogs are complements. D) hamburgers and hot dogs are inferior goods.
The marginal rate of technical substitution (MRTS) along an isoquant:
A) is equal to the price ratio at all points along an isoquant. B) is equal to the ratio of the marginal utilities of the two goods. C) is equal to the ratio of the marginal products of the two inputs. D) remains constant as we alter the combinations of the two inputs.
Under Keynesian analysis, aggregate demand can be written as
A) Yad = C + I + G + NX. B) Yad = C + I + G - NX. C) Yad = C - I - G - NX. D) Yad = C + I - G - NX.