In the United States, health care spending as a percentage of GDP has declined since 1965
Indicate whether the statement is true or false
FALSE
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Governments choose to pursue industrial policy to:
A. raise tax revenue. B. spur economic growth. C. create publicly owned companies. D. regulate the growth of certain industries.
In dollar amounts:
A. the monetary base is smaller than M1 and M2 is larger than M1. B. the monetary base is larger than M1 and M2. C. M1 is smaller than the monetary base and M2 is larger than both. D. the monetary base is larger than M2 and M1 is less than M2.
The term opportunity cost refers to
A. The minimum price that a producer will accept for a product. B. The most a consumer is willing to exchange to get an item. C. The slope of the demand line for a consumer or slope of the supply line for the producer. D. All of the choices are correct.
Featherbedding is the term for
A) any practice that forces employers to use more labor than they would otherwise. B) training programs initiated by unions to make their less-skilled members more productive. C) the practice of trying to recruit union members among public employees. D) attempts by management to eliminate a union.