A key reason that Medicaid spending is greater for the elderly than children is that
A. the elderly are more likely to suffer from costlier diseases and require nursing home care.
B. children generally come from wealthier households.
C. the elderly are more likely to require nursing home care.
D. the elderly are more likely to suffer from costlier diseases.
Answer: A
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Which of the following is true for a constant cost industry? a. It uses a relatively large share of available resource inputs
b. It uses a relatively small share of available resource inputs. c. Industry expansion will put upward pressure on wages and/or other input prices. d. Both a. and c.
A profit-maximizing firm will always operate at that output at which _______ is equal to ________.
Fill in the blank(s) with the appropriate word(s).
What is meant by human capital and how can it be used to promote economic growth?
Please provide the best answer for the statement.
If a person is going to borrow $30,000 for a car and pay it off with a constant mortgage payment every month for 5 years, what do you know about their car payment (if the interest rate is positive)?
A. The payment is more than $500 per month. B. Nothing. C. The payment is exactly than $500 per month. D. The payment is less than $500 per month.