Japan has a single-payer health care system in which the government provides national health insurance to all Japanese residents

Indicate whether the statement is true or false


FALSE

Economics

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Oligopoly is a market structure in which

a. there are only two sellers. b. there are relatively few producers. c. no firm can influence price. d. there are many producers.

Economics

The presence of discouraged workers may cause:

a. the employment rate to be overstated. b. the employment rate to be understated. c. the unemployment rate to be overstated. d. the unemployment rate to be understated. e. GDP to be too large.

Economics

The U.S. merchandise trade balance has been in surplus over the last 20 years

Indicate whether the statement is true or false

Economics

Refer to the tables below. Suppose that each nation specialized in producing the product for which it has a comparative advantage, and the terms of trade were set at 3 units of chemicals for 1 unit of autos. In this case, Germany could obtain and consume a maximum combination of 8 million units of autos and:

Autos and chemicals are in million of units in the following production possibilities tables:



A. 12 million units of chemicals
B. 24 million units of chemicals
C. 36 million units of chemicals
D. 48 million units of chemicals

Economics