Medicaid is the Federal Government program that provides health insurance to the
A. elderly.
B. injured.
C. handicapped.
D. poor.
Answer: D
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What is a budget constraint?
What will be an ideal response?
If expectations of the future inflation rate are formed solely on the basis of a weighted average of past inflation rates, then economists would say that expectation formation is
A) irrational. B) rational. C) adaptive. D) reasonable.
Suppose all firms have constant marginal costs that are the same for each firm in the short run. In this case, the market level supply curve is ________ and producer surplus equals ________:
A) perfectly inelastic, fixed costs B) perfectly inelastic, zero C) perfectly elastic, fixed costs D) perfectly elastic, zero
Corporate profits distributed as dividends are
a. tax free. b. taxed once. c. taxed twice. d. taxed three times.