From the standpoint of economic efficiency, which of the following is a major advantage of medical savings accounts?
a. They encourage healthcare consumers to purchase low-deductible, low co-payment medical insurance plans.
b. They guarantee that no American will ever have to pay another medical bill.
c. They encourage healthcare consumers to economize.
d. They will force employers to pay a larger share of the medical expenses of their employees.
C
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The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, one of the unemployed workers became discouraged and stopped looking for work six weeks ago
The unemployment rate in Marble Falls is now A) 10%. B) 11.1%. C) 12.5%. D) 20%.
The first bankers were
A. goldsmiths. B. printers. C. storekeepers. D. innkeepers.
If the reserve ratio is designated by "r," how much of a deposit can banks lend out?
A. 1 / r B. (1 - r) C. 1 / (1 - r) D. r / (1 - r)
Refer to the information provided in Figure 4.2 below to answer the question(s) that follow.
Figure 4.2Refer to Figure 4.2. The market is initially in equilibrium at Point A and supply shifts from S1 to S2. Which of the following statements is true?
A. There is no need for price to serve as a rationing device in this case because the new equilibrium quantity is higher than the original equilibrium quantity. B. Price will still serve as a rationing device causing quantity demanded to fall from 11 to 8 soft pretzels. C. The market cannot move to a new equilibrium until there is also a change in supply. D. Price will still serve as a rationing device causing quantity supplied to rise from 8 to 11 soft pretzels.