Privatization is a process of
a. breaking up large government companies into small government companies
b. selling government companies to private individuals
c. consolidating small government companies into larger ones
d. government buying private companies
e. none of the above
B
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The removal of a price ceiling in a market results in:
a. an increase in the market price. b. a shortage in the market. c. over-production of the commodity and a surplus. d. a fall in the market price. e. abnormal profits for producers.
If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Aggregate demand rises, and aggregate supply falls. b. Aggregate demand rises, but aggregate supply does not change. c. Aggregate demand and aggregate supply fall. d. Aggregate demand falls, and aggregate supply rises. e. Aggregate demand and aggregate supply rise.
Which of the following statements is TRUE about the success of the World Bank?
A. The World Bank has been successful because it has focused on its primary function of making loans to governments. B. The World Bank has not been successful because it has focused on making loans to governments where there has been a loss of confidence in a nation's financial system. C. The World Bank has not been successful because many loans have been made to countries that can attract private funds. D. The World Bank has been very successful in promoting economic growth because loans have been primarily made to countries that have trouble attracting private funds.
Which person would most likely be eligible to receive Medicaid? A person who:
A. Receives Medicare benefits B. Receives Social Security benefits C. Works in a government operated hospital D. Qualifies for the Supplementary Security Income program