Lower deductibles for employer-provided health care will tend to shift the ________ curve for medical services to the ________
A) supply; right B) demand; right C) supply; left D) demand; left
B
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Private property rights are important because:
a. they create incentives for people to improve their standard of living. b. the Constitution says so. c. they allow students to choose their major field of study in college. d. an economy cannot function without them. e. goods cannot be produced without them.
If the firm shown in the table changes the quantity it produces to 7, what would be the result?
a. The company would take a loss.
b. The company would make a slight profit.
c. The company would break even.
d. The company would make a large profit.
What are the possible costs of a service failure?
a. Back orders b. Lost suppliers c. Lost sales d. Lost customers e. All of the above f. Only A, C, and D
DeBeers' diamond monopoly results from
A. a government franchise. B. ownership of a scarce factor of production. C. economies of scale. D. a patent.