American economic history is important because it will help you understand
(a) how to change strategically the course of the future since it was shaped by the past.
(b) why some armies failed and others succeeded.
(c) how to change the past.
(d) how to produce the exact same type of successful growth and development in other countries.
(a)
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The predictions of marginal utility theory
A) contradict the idea that the demand curve slopes downward. B) support the idea that the demand curve slopes downward. C) support the idea that the supply curve slopes upward. D) contradict the idea that the supply curve slopes upward.
When making a purchase, it is least costly to
a. pay cash. b. put it on a credit card and pay off the balance plus interest in one year. c. put it on a credit card and pay off the balance at the end of the month before interest accrues. d. it doesn't matter because all three have the same present value.
A health maintenance organization that contracts with individual physicians or group practices to provide care for a specified group of enrollees is called:
a. a network-model HMO. b. a group-model HMO. c. an IPA. d. a staff-model HMO. e. a direct-contract HMO.
The short-run industry supply curve slopes up because
A) the firms eventually experience diseconomies of scale. B) the law of diminishing marginal product applies in the short run. C) wages increase as the industry increases output. D) the higher price is needed to get more firms to enter the industry.