For every dollar in costs to Medicare Part B, ________ cents is paid by recipients, and ________ cents by the taxpayer.
A. 67; 33
B. 50; 50
C. 25; 75
D. 75; 25
Answer: C
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If three residential cleaning service companies agree to reduce the number of homes they clean each month in an effort to raise the price for the service, this is an example of ________.
A) output restrictions B) monopolization C) resale price maintenance D) market division
A country is moderately outward-oriented if there are relatively high import-substitution restrictions
a. True b. False Indicate whether the statement is true or false
According to the law of demand,
a. there is a positive relationship between quantity demanded and price b. as the price rises, demand will shift to the left c. there is a negative relationship between quantity demanded and price d. as the price rises, demand will shift to the right e. as the price rises, consumers will continue to purchase the same quantity of the good
If an indifference curve is bowed in toward the origin, the marginal rate of substitution is
a. not likely to reflect the relative value of goods. b. likely to be constant for all bundles along the indifference curve. c. likely to be identical to the price ratio for each bundle along the indifference curve. d. different for each bundle along the indifference curve.