In 2012, about _____% of all Americans under the age of 65 did not have health insurance
a. 10%
b. 12%
c. 17%
d. 20%
c
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The trade-offs made by the U.S. government to fund the war in Iraq
A) exceed the benefits derived from the war. B) show that the government is justified in its war spending. C) prove that the government is spending too much on the war. D) represent what was potentially sacrificed to engage in the war.
Refer to Table 20-4. Assume the market basket for the consumer price index has two products—meat and potatoes—with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals
A) 125. B) 129. C) 135. D) 141.
______ occur when a single firm can produce two or more products more cheaply than can two separate firms.
A. Economies of scale B. Economies of scope C. Diseconomies of scale D. Increasing returns to scale
Answer the following statement(s) true (T) or false (F)
1. Fiscal policy refers to the government's ability to print money. 2. Kobe beef, which some consider the best beef in the world, is produced in Japan and sold in the U.S. (in extremely limited quantities); this is an example of a U.S. import.