Improved quality in health care services is partly responsible for increases in health care costs in the United States
Indicate whether the statement is true or false
TRUE
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The deadweight loss with perfect price discrimination is
A) equal to the deadweight loss of a single-price monopoly. B) sometimes less than and sometimes more than the deadweight loss of a single-price monopoly. C) more than the deadweight loss of a single-price monopoly. D) zero. E) larger than the deadweight loss with perfect competition.
The misery index is the
A. Unemployment rate minus the interest rate. B. Inflation rate plus the interest rate. C. Inflation rate plus the unemployment rate. D. Inflation rate minus the unemployment rate.
A country that fixes a price for its currency that is below the market price will:
A. decrease its money supply. B. eventually increase the value of its currency. C. lose official reserves. D. accumulate official reserves.
What does the sign (positive/negative) of the cross elasticity of demand tell us about the relationship between two goods?
What will be an ideal response?