The only two options to control the growth of healthcare spending are
a. price controls and political rationing or competition and market prices.
b. taxation or political mandates.
c. subsidizing of healthcare insurance or government provision of healthcare.
d. free healthcare or subsidized healthcare.
A
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In recent years, Japan's capital stock has increased by about 6 percent from one year to the next. As a result, we would expect
A) a leftward shift in Japan's aggregate demand curve. B) a movement up along Japan's short-run aggregate supply curve. C) only Japan's long-run aggregate supply curve to shift rightward. D) rightward shifts in both Japan's short-run aggregate supply and long-run aggregate supply curves.
In the above figure, the long-run average cost curve exhibits economies of scale
A) between 5 and 10 units per hour. B) between 10 and 20 units per hour. C) between 20 and 25 units per hour. D) along the entire curve.
The supply of and demand for bank reserves determines the
A) Treasury bill rate. B) prime rate. C) discount rate. D) federal funds rate.
Consider the production possibilities curve [PPC] for a country producing only cheese and wine. The first few resources transferred from cheese to wine production are:
a. those that are most specialized in cheese production. b. those that are most specialized in wine production. c. those that are least specialized in cheese production. d. those that are neither specialized in cheese nor wine production. e. those that are highly specialized in both cheese and wine production.