National health insurance programs:
A. can increase use of health clinics versus traditional village doctors, who often have no medical training.
B. are usually too costly for developing nations to implement.
C. have solved the problem of providing high-quality care in places like India.
D. are always less efficient than privatized programs.
A. can increase use of health clinics versus traditional village doctors, who often have no medical training.
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Refer to Figure 10.2. Assume the economy is initially at equilibrium at potential GDP of $500 billion. If the MPC = 0.80 , and real GDP falls to Y2 = $400 billion, the vertical distance between AE1 and AE2 must be
A) $8 billion. B) $20 billion. C) $80 billion. D) $100 billion.
You have two career options. You can work for someone else for $50,000 a year, or, you can run your own business, with an annual revenue of $100,000, and explicit costs of $40,000 annually
Explain which career option a profit-maximizer would select and why.
Exhibit 9-1 GDP and consumption data GDP Consumption Aggregate Expenditures Unplanned inventory $0 $0.5 1 1.0 2 1.5 3 2.0 4 2.5 5 3.0 6 3.5 7 4.0 8 4.5 As shown in Exhibit 9-1, if investment is $0.5 trillion, government spending is $1 trillion, net exports are ?$0.5 trillion, and GDP is $2 trillion, then:
A. inventory depletion is ?$1.5 trillion. B. inventory accumulation is ?$2.0 trillion. C. inventory depletion is ?$0.5 trillion. D. inventory accumulation is $0.5 trillion.
Refer to the given data. Assume now that the prices of a and b are $15 and $20 respectively. To maximize profits, what combination of a and b should the employer hire?
Answer the question on the basis of the following marginal product data for resources a and b. The output of these independent resources sells in a purely competitive market at $1 per unit.
A. 3 of a and 5 of b.
B. 5 of a and 7 of b.
C. 7 of a and 7 of b.
D. 6 of a and 2 of b.