To promote good economic outcomes, policymakers should strive to enact policies that
a. enhance productivity.
b. enhance individuals' market power.
c. result in a rapidly-growing quantity of money.
d. All of the above are correct.
a
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Equilibrium expenditure occurs when
A) real GDP minus net taxes equals disposable income. B) disposable income equals consumption expenditures plus imports. C) disposable income equals real GDP. D) aggregate planned expenditure equals real GDP. E) real GDP plus net taxes equals disposable income.
When economists say goods are scarce, they mean:
a. consumers are too poor to afford the goods and services available. b. consumers are unwilling to buy goods unless they have very low prices. c. goods are generally freely available from nature in most countries. d. the desire for goods and services exceeds our ability to produce them with the limited resources available.
Intel microchips are an input in the production of a computer. When the demand for the computer declines:
a. the quantity demanded of Intel microchips increases. b. the quantity demanded of Intel microchips declines. c. the demand for Intel microchips increases. d. the demand for Intel microchips decreases. e. there is no change in the demand for the Intel microchips.
If you have a policy with 20 percent co-insurance, your insurer will pay ___ percent of your bill, leaving ___ percent for you.
A. 80; 20 B. 70; 30 C. 75; 25 D. None of the above is correct.