The price elasticity for demand of health care has been estimated at a low-end value of ______.
a. 0.1
b. 0.2
c. 0.5
d. 1.0
b. 0.2
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Describe the difference between social interest theory of regulation and the capture theory of regulation
What will be an ideal response?
Which of the following scenarios can be classified as passive policy making?
A) The Federal Reserve cuts the federal funds rate in order to increase economic activity. B) The federal government increases spending in order to create jobs. C) The Federal Reserve adjusts the money supply as appropriate to attain a target rate of inflation. D) Congress increases expenditures in an effort to stimulate economic activity.
A person is dynamically consistent if:
A. his preferences over the alternatives available at some future date change as the date approaches. B. his preferences over the alternatives available at some future date do not change as the date approaches. C. he does not always want to follow through on his plans and intentions. D. he has complete self-control with occasional lapses.
The largest merchandise exporting country is ______________.
Fill in the blank(s) with the appropriate word(s).