Refer to Figure 5-3. The efficient price of medical services is
A) $40. B) $55. C) $65. D) > $65.
B
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What will be an ideal response?
An industry in which sales tend to magnify cyclical changes in gross domestic product and national income is called:
A. a cyclical industry. B.a counter-cyclical industry. C. a dismal industry. D. a fluctuating industry
From the standpoint of economic growth, banks are important to
What will be an ideal response?
Where pollution is concerned, if an automobile driver considers only the internal costs of his actions, he is apt to
A) use resources very carefully and in small quantities. B) garage his car and drive very seldom. C) be making a positive contribution to the greater community. D) drive too much and use up more scarce resources than he would if he had to cover all his costs.