Which of the following is true of a market economy?
A. The government answers the basic economic questions of what gets produced, how it gets produced, and who gets it.
B. It relies on millions of individual economic decisions to determine economic outcomes.
C. Decisions are regulated by a central agency.
D. In its pure form, it is also known as a command economy.
Answer: B
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Which type of managed care organization has the strictest cost control features?
a. Group-model HMO. b. IPA. c. POS plan. d. Closed-panel HMO. e. PPO.
Suppose Mr. Lee has total income of $120,000, has taxable income of $90,000, and pays $30,000 in taxes. Considering the information, what is Mr. Lee's effective tax rate?
A. 33.33 percent. B. 72 percent. C. 25 percent. D. 66.7 percent.
Which of the following would be included as investment in the GDP accounts?
a. the government buys goods from another country b. someone buys stock in an American company c. a firm increases its capital stock d. All of the above are correct.
Refer to the diagram, in which C 1 is the before-tax consumption schedule. Other things being equal, the economy would enjoy the greatest built-in stability with consumption schedule:
A. C 1 .
B. C 2 .
C. C 3 .
D. C 4 .