Which person would most likely be eligible to receive Medicare?
A. A student attending a state university
B. A person receiving Social Security benefits
C. A part-time worker at a manufacturing company
D. A U.S. college professor teaching in another country
B. A person receiving Social Security benefits
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Suppose we have an economy for which G = 300, T = 240, S = 80, I = 45, and imports = 40. Exports must be
A) 25. B) 40. C) 15. D) 65. E) -25.
An industrially advanced country (IAC) is defined as a country with a GDP per capita among the top ____ countries in the world
a. 5 b. 10 c. 20 d. 27
The additional cost incurred as a result of undertaking an action is: a. the opportunity benefit. b. the marginal benefit
c. the total cost. d. the marginal cost.
Which of the following is unique to a monopolistically competitive firm when compared to an oligopoly?
a. The monopolistically competitive firm advertises. b. The monopolistically competitive firm produces a quantity of output that falls short of the socially optimal level. c. Monopolistic competition features many buyers. d. Monopolistic competition features many sellers.