In industrially advanced countries, the price elasticity of demand for health care is about:
A. 2.0.
B. 0.2.
C. 4.5.
D. 1.0.
Answer: B
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In an economy, 42 million people are in the labor force, 38 million are employed, and 47 million are of working age. How many people are not in the labor force?
A) 19 percent B) 9 million C) 5 million D) 4 million
The federal government debt refers to
A) the accumulation of past budget deficits. B) government spending plus transfer payments minus tax revenues. C) tax revenues minus government spending and transfer payments. D) the total value of U.S. Treasury bonds outstanding.
While the scientific method is applicable to studying natural sciences, it is not applicable to studying a nation's economy
a. True b. False Indicate whether the statement is true or false
Two of the main focuses on development economics focuses on how countries can promote:
A. sound monetary and fiscal policy. B. health and fiscal policy. C. sound monetary policy and education. D. health and education.