The euro is a composite currency; its value is an average of the changing values of several national currencies
a. True
b. False
Indicate whether the statement is true or false
False
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According to the textbook, Manning and his colleagues found that people with $1,000-deductible policies spent ______ on health care relative to people with first-dollar coverage.
A. 50 percent more B. the same amount C. 40 percent more D. less
Because efficiency wage theory deals with the consequences of a change in a firm's ________ wage, if all wages were indexed to nominal aggregate demand the theory would be ________
A) absolute, even more appropriate B) absolute, rendered inappropriate C) relative, even more appropriate D) relative, rendered inappropriate
Why does rent-seeking behavior lead to deadweight loss?
The size of the deadweight loss generated from a tax is affected by the
a. elasticities of both supply and demand. b. elasticity of demand only. c. elasticity of supply only. d. total revenue collected by the government.