Growth in labor productivity in health care has been ________ the growth in labor productivity in the economy as a whole
A) approximately equal to
B) slightly faster than
C) almost twice as fast as
D) less than half as fast as
Answer: D
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If production technologies are homothetic, all cost-minimizing production plans lie on the same ray from the origin for a given set of input prices.
Answer the following statement true (T) or false (F)
MFN status means that a trading partner is getting the best trade deal possible given current national trade policies
Indicate whether the statement is true or false
Appreciation of the U.S. dollar will ________ exports and ________ imports, other things equal
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
The make-up of the Governing Council of the European Central Bank and the methods used to calculate price stability for the monetary system can potentially result in:
A. a policy for the median country rather than a policy well suited for any country. B. monetary policy that is well suited for some countries but ill-suited for others. C. small countries having undue influence on the decisions of the Council. D. all of the results listed are possible.