In the United States in 2014, the percentage of people who received health insurance through a government program was about
A) 10%. B) 16%. C) 36%. D) 64%.
C
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Economists now tend to believe that the most productive approach to ending poverty is to
a. make more and better education available b. make sure there is a job for everyone c. provide subsidies to people who earn less than a poverty-level wage d. provide subsidies to businesses to hire poor people e. none of the above
Examples of life-cycle wealth include all of the following except
a. homes b. stocks and bonds c. wages and salaries d. automobiles e. personal clothing
The regulation of natural monopolies:
A. eliminates deadweight loss. B. always causes the industry to operate at a loss. C. typically takes the form of setting a maximum price that can be charged. D. is common in the tobacco industry.
If Pat's income increased from $250,000 to $500,000 and his consumption increased from $200,000 to $300,000, what was his marginal propensity to consume?
a. 0.4
b. 0.6
c. 0.8
d. 0.9