The dominant factor affecting medical care delivery and finance in the 1960s was:
a. the passage of ERISA.
b. the explosive growth of managed care.
c. the creation of Medicare and Medicaid.
d. the Hill-Burton Act.
e. prospective payment for hospitals.
c. the creation of Medicare and Medicaid.
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A reduction in the required reserve ratio has the instant effect of:
a. Increasing bank shareholders' equity. b. Increasing total bank reserves c. Increasing excess reserves. d. None of the above is correct. e. Increasing the monetary base.
An increase in the U.S. demand for Japanese yen causes
A. a decrease in the supply of yens. B. an increase in the yen price of a dollar. C. an increase in the dollar price of a yen. D. an increase in the demand for U.S. goods.
Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. 
Figure 17.1 Refer to Figure 17.1. John has two job offers when he graduates from college. John views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $50,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of $60,000. John believes that he has a 50-50 chance of earning the bonus. If John takes the offer that maximizes his expected utility and is risk-averse, which job offer will he choose?
A. John will take the first offer. B. John will take the second offer. C. John is indifferent between the offers-both yield the same expected utility. D. Indeterminate from the given information.
In reality, the wage-gap between two countries will:
A. Always be reduced to zero through migration B. Be greater than zero because of migration costs C. Always be sufficient to cover the marginal costs of migration D. Be smaller the greater the distance between the countries