__________ account(s) for the largest portion of public health expenditure in the United States.
A. Children's hospitals
B. Universal health coverage
C. Medicaid
D. Medicare
D. Medicare
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Computer chips are a normal good. Suppose the economy slips into a recession so that income falls. As a result, the demand for computer chips ________ so that the price of a computer chip ________
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls E) decreases; does not change
Imagine that there are only two nations in the world, the United States and Mexico. If Americans buy more goods made in Mexico, other things constant, the
a. U.S. demand curve for Mexican pesos will shift rightward b. U.S. demand curve for Mexican pesos will shift leftward c. U.S. supply curve of Mexican pesos will shift leftward d. U.S. supply curve of Mexican pesos will shift rightward
Which of the following is not one of the ways in which the United States finances a trade deficit?
A. Selling U.S. products to foreigners B. Selling U.S. land and factories to foreigners C. Selling U.S. stocks and bonds to foreigners D. Selling U.S. assets to foreigners
Which of the following would not be classified as an economic resource by economists?
A. A professional soccer player. B. Water in a town's reservoir. C. Money in a business checking account. D. The manager of the local hamburger restaurant.