The HITECH Act of 2009 provides $20 billion of subsidies to encourage hospitals and physicians to:
A. Use more hi-tech diagnostic equipment
B. Adopt electronic medical-records systems
C. Switch from human lab-technicians to electronic ones
D. Devote more research efforts toward hi-tech treatments
B. Adopt electronic medical-records systems
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In the figure above, the number of workers employed is ________, and the wage paid is ________
A) 3,000; $7 per hour B) 7,000; $7 per hour C) 5,000; $5 per hour D) 5,000; $7 per hour E) 3,000; $5 per hour
The reason that average labor costs are higher in the United States than in Haiti is that
A) workers are more productive in the United States. B) U.S. workers have a comparative advantage. C) Haitian workers have a comparative advantage. D) Haitian workers do not have union representation.
The equilibrium quantity in the above figure is
A) 200 units. B) 300 units. C) 400 units. D) 600 units.
Governments can grant private property rights over resources that were previously viewed as public, such as fish or elephants. Why would governments want to do so?
a. to prevent overuse b. to decrease taxes c. to fight poverty d. to increase consumption