Today, Medicare costs are shared between government and the insured
A. with government paying 25% of the cost.
B. with government paying 100% of the cost.
C. equally, on a 50-50 basis.
D. with government paying 75% of the cost.
Answer: D
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If a firm's total revenue just covers its implicit and explicit costs of production, then
A. the economic cost of production exceeds total revenue. B. accounting profit is zero. C. economic profit is zero. D. total revenue exceeds the economic cost of production.
The budget deficit increases during wars and recessions
Indicate whether the statement is true or false
Suppose that from a new checkable deposit, First National Bank holds eight million dollars on deposit with the Federal Reserve, one million dollars in required reserves, and faces a required reserve ratio of ten percent
Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) two B) eight C) nine D) ten
If the nominal interest rate is 5 percent and the real interest rate is 2 percent, then the inflation rate is 3 percent
a. True b. False Indicate whether the statement is true or false