When an insurance company pays 20% of the bill for health care services, this
A. reduces demand and makes demand less elastic.
B. reduces supply.
C. reduces demand.
D. makes demand less elastic.
Answer: D
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The formula for the computation of labor productivity is
A) nominal GDP/number of workers. B) real GDP/number of workers. C) nominal GDP/population. D) real GDP/population.
Transfer payments have reduced poverty among the elderly, but poverty among females has not fallen
a. True b. False
Which of the following statements is correct?
a. NASDAQ is an important stock exchange in the United States. b. The demand for a corporation's stock is largely based on people's perception of the corporation's profitability in the future. c. Compared to the Standard & Poor's 500 Index, the Dow Jones Industrial Average incorporates the stock prices of a much smaller number of corporations. d. All of the above are correct.
Unemployment arising from job search is called:
A) disguised unemployment. B) frictional unemployment. C) structural unemployment. D) cyclical unemployment.