Research estimates that the medical spending for obesity-related diseases was
a. About the same as for healthy individuals.
b. Ironically, much less than for healthy individuals.
c. about $86 billion.
d. about 9.1% of total medical spending.
e. both c and d.
E
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Financing government expenditure through deficits rather than through taxes will lead to higher spending if
A) it results in crowding in. B) it results in crowding out. C) people are more aware of taxes than they are of deficits. D) people are more aware of deficits than they are of taxes.
The MPC in the U.S. economy has been estimated to be near 0.95 . If this is an accurate measure, then the numerical value for the multiplier would be
a. 0.9. b. 1.8. c. 9.5. d. 10.0. e. 20.0.
Business firms supply goods and services to ________ and purchase factors of production in ________.
A. factor markets; product markets B. factor markets; national markets C. product markets; factor markets D. national markets; factor markets
If Allison's marginal utility of her 100th dollar of income is greater than Brad's marginal utility of his 10th dollar, then we can conclude:
A. money means more to Allison. B. money means more to Brad. C. Brad is richer than Allison. D. nothing, since we can't make interpersonal utility comparisons.