Which of the following will not change the demand for office visits to the physician?
a. Television advertising by drug manufacturers to promote a new over-the-counter influenza treatment
b. A sudden illness
c. Unusually cold and damp weather during the winter
d. Layoffs at the local plant, causing a decrease in the number of people with health insurance in the community
e. A change in the price of an office visit
e. A change in the price of an office visit
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Corruption
A) can create certainty B) is only a problem found in democratic societies C) is a problem of not enough government D) none of these choices
A major benefit of automatic stabilizers is that they:
a. guarantee a balanced budget over the course of the business cycle. b. have a tendency to reduce the national debt. c. help increase recessionary gaps in the economy. d. moderate the effect of fluctuations in the business cycle. e. require legislative review by Congress before they can be implemented.
If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $12,000 to purchase those identical goods in 2015, then the inflation rate from 2006 to 2007 is
A. (100-83.3)/100*100%=16.7%. B. (100-100)/100*100%=0%. C. (120-100)/100*100%=20%. D. unknown given this data.
A monopolistically competitive firm maximizes profit at the point at which price is equal to marginal cost
a. True b. False Indicate whether the statement is true or false