Without orphan drug laws,
A. people without parents could not afford drugs.
B. people with uncommon diseases would have little hope of companies seeking a cure for their ailment.
C. more people would risk losing their parents to disease.
D. people with common diseases would have little hope of companies seeking a cure for their ailment.
Answer: B
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Refer to Table 9-8. Suppose that the data in the table above reflect the price levels in the economy. What is the inflation rate in between 2015 and 2016?
A) 2% B) 5% C) 10% D) 12% E) 20%
With respect to Friedman's natural rate theory, expansionary monetary policies can
a. move output above the natural rate but leave unemployment at the natural rate in the short-run. b. only affect inflation and not unemployment in the long-run. c. leave output at its natural rate with a simultaneous decrease in the natural rate of employment. d. move output and employment below the natural rate.
The market demand curve in perfect competition is horizontal.
Answer the following statement true (T) or false (F)
If the exchange rate of yen per dollar increases from 100 yen = $1 to 110 yen = $1, then
a. Japanese-produced goods would become more expensive b. the dollar has depreciated c. the yen has appreciated d. U.S.-produced goods would become more expensive e. U.S. exports would increase