Health care markets may be inefficient because of
A. poor information.
B. adverse selection.
C. moral hazard.
D. all of these answer options are correct.
D. all of these answer options are correct.
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When households increase their personal savings ________
A) investment decreases B) they are better able to cope with severe economic downturns C) interest rates are likely to rise, as well D) all of the above E) none of the above
The assumption made about Real GDP in the simple quantity theory of money produces a ____________________ curve in the AD-AS version of the theory
A) horizontal AD B) vertical AD C) horizontal AS D) vertical AS
Refer to Scenario 1-1. Had the firm not produced and sold the last 400 t-shirts, would its profit be higher or lower, and if so by how much?
A) Its profit would be $800 higher. B) Its profit would be $800 lower. C) Its profit would be $4,800 higher. D) Its profit would be $4,000 lower.
The price of one country's currency in terms of another country's currency is called the
A) exchange rate. B) interest rate. C) Dow Jones industrial average. D) prime rate.