Even in the US, almost _____ percent of medical care is purchased through third party insurance.
a. 65
b. 75
c. 100
d. 50
e. 90
e. 90
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Individual supply curves generally slope ________ because ________.
A. downward; sellers become more efficient with practice. B. downward; inputs are cheaper when purchased in high volume. C. upward; profits increase with quantity. D. upward; of increasing opportunity costs.
When 2,000 hamburgers per day are produced, the marginal social benefit is $1.50 and the marginal social cost is $1.00. And when 7,500 hamburgers per day are produced, the marginal social benefit is $1.00 and the marginal social cost is $1.50
The efficient production quantity of hamburgers is ________ a day. A) more than 7,500 B) 7,500 C) between 2,000 and 7,500 D) 2,000
According to new growth theory, the primary source of growth is:
A. capital. B. government intervention in the market place. C. entrepreneurship. D. technology.
From 1995 to 2007 in the U.S., the median and average family wealth adjusted for inflation both:
A. Increased rapidly but fell sharply from 2007 to 2010 B. Stayed roughly the same, then rose from 2007 to 2010 C. Stayed at about the same level, then fell sharply from 2007 to 2010 D. Increased slowly, then accelerated from 2007 to 2010