The impact of technology on health care has
A) provided for a higher quality of life.
B) increased health care costs.
C) contributed to increased life expectancy.
D) All of the above are correct.
D
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Using Scenario 2 suppose Susan has eliminated two of the answers but is unsure of which of the remaining three answers are correct. Determine whether it is rational for Bill to guess
What will be an ideal response?
The downward slope of the demand for money curve is created by the:
a. transactions demand for money. b. precautionary demand for money. c. speculative demand for money. d. all of these.
If perfectly competitive industry B is currently realizing economic profits, we would expect that:
a. industry output will fall, good B will fall in price, and economic profits will tend to disappear. b. industry output will fall, good B will rise in price, and economic profits will tend to disappear. c. industry output will rise, good B will fall in price, and economic profits will tend to disappear. d. industry output will rise, good B will fall in price, and economic profits will tend to increase.
Chain-weighted measures of real GDP make use of prices from:
A. an unchanging base year. B. a continuously changing base year. C. a base year that is changed approximately every 5 years. D. a base year that is changed approximately every 10 years.