The federal government receives more money from ________ than from any other source.
A. individual income taxes
B. corporate income taxes
C. excise taxes
D. sales taxes
Answer: A
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The above figure supports all of the following statements regarding health care EXCEPT
A) the demand for health care is insensitive to price changes; as the price goes up, so does the quantity demanded. B) if all medical expenses were paid for by third parties, the quantity demanded would increase tremendously. C) due to third party payments, patients demand a higher quantity of health care services per year. D) the lower the deductible, the greater is the quantity demanded of health care services per year.
Supermodel Linda Evangelista has been quoted as saying, "[I] don't wake up for less than $10,000 a day." If Ms. Evangelista is paid $15,000 for her next daylong photo shoot, then
A) she is being paid $15,000 to cover her opportunity cost. B) the first $10,000 she receives is economic rent to labor and the next $5,000 is more economic rent. C) the entire $15,000 would be considered economic rent to labor. D) she is receiving economic rent to labor equal to $5,000.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
Which of the following is NOT a component of private investment, for purposes of GDP accounting?
A) additions to firms' stock of inventories B) newly produced housing C) newly built factories D) purchases by firms of used machinery