Recipients of Medicare tend to demand a greater quantity of low-value, high-cost services because
A. recipients are coerced into demanding such services.
B. the government mandates that they demand such services.
C. the services are readily available.
D. the services are heavily subsidized.
Answer: D
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A commercial bank's reserves are equal to the amount of
A) the bank's loans. B) only the currency in its vault. C) currency in the bank's vault plus the balance on its reserve account at a Federal Reserve Bank. D) the bank's deposits. E) the bank's government securities.
Which of the following goods or services are among top U.S. imports?
a. aircraft b. education c. computers d. soybeans
The maximum quantity of good Y that is affordable is:
A. M/PX. B. M/Y. C. M/X. D. M/PY.
A single currency area requires
A) mobile labor and synchronized business cycles. B) immobile labor and synchronized business cycles. C) immobile labor and mobile capital. D) mobile labor and unsynchronized business cycles.