Refer to Figure 5-3. If consumers paid the full price of medical services, the price they would pay is
A) $40. B) $55. C) $65. D) > $65.
B
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When considering choice architecture, a nudge:
A. allows participants to choose among only choices that are good for them. B. can sometimes accomplish public policy goals in a less expensive way than traditional methods. C. presents choices that are similar to participants' ideal choices, but are slightly better than them. D. is a deliberate push by choice architect to get all people to behave a certain way.
A price that discourages entry is called a
A) fair price B) limit price C) minimum price D) all of these choices
Which of the following employers is the most prejudiced? Employer:
A. A, whose d is $0. B. B, whose d is $2. C. C, whose d is $4. D. D, whose d is $6.
Official reserves used to achieve a balance of payments between nations engaging in international trade are held by:
A. Private businesses engaging in trade B. Central banks of the nations engaged in trade C. Commercial banks which make loans to businesses engaging in trade D. Commercial banks which make loans to governments which engage in trade