In the U.S. health care market, the uninsured typically receive health care for:
A. emergencies, but not for preventative care.
B. preventative care, but not for emergencies.
C. both emergencies and preventative care.
D. neither emergencies nor preventative care.
Answer: A
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A production possibilities curve will shift outward or to the right for all of the following reasons EXCEPT
A) an increase in the unemployment rate. B) an increase in the quality of the labor force. C) an improvement in production technology. D) a discovery of a new source of renewable energy.
Which of the following would be categorized as an unconventional monetary policy tool?
A. Targeted asset purchases B. Federal funds rate target range C. Deposit rate D. The interest rate on excess reserves (IOER)
If a firm wants to increase revenue, it should increase the selling price of its product if it is currently producing in the ________ portion of its demand curve.
A. perfectly elastic B. unit elastic C. elastic D. inelastic
Related to the Economics in Practice on page 360: Suppose you see the following advertisement for a vacation rental. "Beautiful condo on the Island of Maui (Hawaii). Sleeps 5. Great landscaped grounds, pool, and BBQ area. Lanai overlooks pool. $1,500 per week." It is likely true that the condo
A. doesn't have a view of the pool. B. has an actual rental rate of $1600 per week. C. is not on the island of Maui. D. has no view other than the pool (i.e. no ocean, mountain, or city view).