The Canadian health care system _____
a. is an example of a single-payer system
b. provides universal coverage
c. rations the use of specialists
d. all of the above
d
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The broadest measure of the price level that includes all final goods and services is
A) the consumer price index. B) the producer price index. C) the wholesale price index. D) the GDP deflator.
Diversification is determined by adding value
Indicate whether the statement is true or false
Suppose that the bond market and the money market both start out in equilibrium, then the Federal Reserve decreases the money supply. The result will be a ______________ in the money market and a _________________ in the bond market, which will push bond prices _________________ and interest rates will ___________________ until a new equilibrium is reached
A) surplus; shortage; up; fall B) shortage; surplus; down; rise C) surplus; shortage; down; rise D) shortage; surplus; down; fall
Which of the following is not an example of an externality?
A. Carbon dioxide from energy generation that adds to the worldwide long-term greenhouse effect. B. Heat from a factory that makes the neighboring tomato patches more productive. C. Acidic by-products of fossil fuel combustion that produce acid rain. D. A defective part that causes an automobile to break down three months after purchase.