A World Bank study found that charging user fees for medical treatment in developing countries
A. greatly increased treatment rates.
B. had no significant effect on treatment rates.
C. dramatically reduced treatment rates.
D. slightly increased treatment rates.
Answer: C
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Which of the following countries had the lowest GDP per capita in 2014?
A) Central African Republic B) Mexico C) France D) Argentina
An increase in unplanned inventory investment for the entire economy equals the excess of
A) output over aggregate supply. B) output over aggregate demand. C) aggregate supply over output. D) aggregate demand over output.
This graph shows the marginal cost and marginal benefit associated with roadside litter clean up. Assume that the marginal benefit curve and marginal cost curve each have their usual slope.
Suppose the state highway department has picked up 15 bags of litter. Protesters have staged a demonstration demanding that the highway department return to pick up the remaining litter. From an economic efficiency perspective, the protesters have a ________ claim because ________.
A. legitimate; litter generates a negative externality B. faulty; the government is not responsible for taking care of private property C. faulty; the additional resources needed to remove more litter could be better used elsewhere D. legitimate; the government has a responsibility to take action when private market incentives do not yield the socially optimal outcome
Which of the following will definitely occur when there is an increase in the supply of and decrease in demand for MP3 players?
A. a decrease in equilibrium price B. an increase in equilibrium price C. an increase in equilibrium quantity D. a decrease in equilibrium quantity