While Medicaid is targeted towards low-income individuals, exact qualifications are determined by _____

a. the Department of Health and Human Services
b. state governments
c. local governments
d. judicial rulings


b

Economics

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The slope of a production possibilities frontier that displays increasing opportunity cost is

A) positive and constant. B) negative and constant. C) steeper near the horizontal intercept than near the vertical intercept. D) steeper near the vertical intercept than near the horizontal intercept.

Economics

A line that is perfectly elastic has an elasticity of demand of zero.

Answer the following statement true (T) or false (F)

Economics

For a perfect competitor, the marginal revenue curve will be

A) horizontal. B) vertical. C) positively sloped. D) negatively sloped.

Economics

Sven likes to water ski, but can only water ski during the one week each year when he is on vacation. Therefore, he plans to ski every day, for eight hours a day. The first day, Sven skied for eight hours and enjoyed every hour. The second day, Sven slept in and then skied for seven hours, which was fun but not as much fun as the first day. The third day, Sven skied for six hours, but was starting to get a bit bored by the end. The fourth day, Sven skied for four hours and then took a nap. On the fifth day of Sven's vacation, Sven went blueberry picking all day. On the fifth day of Sven's vacation, he had decided that another hour of skiing would yield:

A. the same level of utility as the day before. B. more utility than blueberry picking. C. no utility at all. D. less utility than blueberry picking.

Economics