The health savings account (HSA):
a. is also called a health reimbursement arrangement (HRA).
b. is funded with after-tax dollars.
c. allows its owner to ignore high medical care prices.
d. is often used in conjunction with a high-deductible health plan (HDHP).
e. can be used to cover non-medical spending without penalty.
d. is often used in conjunction with a high-deductible health plan (HDHP).
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The basic formula for the price elasticity of demand is
A. absolute decline in price/absolute increase in quantity demanded. B. percentage change in price/percentage change in quantity demanded. C. absolute decline in quantity demanded/absolute increase in price. D. percentage change in quantity demanded/percentage change in price.
The slope of the LM curve has been shown to depend most crucially on the interest elasticity of
a. consumption. b. saving. c. money demand. d. investment.
Answer the following statements true (T) or false (F)
1. Firms in monopolistic competition sell a similar but differentiated product. 2. 3. 4. 5.
A compensation structure that generates much higher pay rates for the top performers, while those whose productivity is only a little lower receive substantially less compensation is called
a. tournament pay. b. winner take all. c. dueling executives. d. competing differentials.