Refer to the following graphs:
Which curve depicts the market demand from the following individual demand tables?PriceD1D2D310101510128119146781643718206
A. I
B. II
C. III
D. IV
Answer: C
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A major benefit of a health savings account is that it
A) combats moral hazard. B) means more health care services will be demanded. C) eliminates rising health care costs. D) creates the incentive to see a doctor regularly.
If Congress decreases the amount of government insurance on bank deposits, then this action would:
A. Create a moral hazard problem B. Reduce a moral hazard problem C. Create an adverse selection problem D. Reduce an adverse selection problem
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
Because the sale of goods and services generates income for the sellers,
A) GDP is unaffected by such exchanges. B) national income will usually by greater than GDP. C) national income will essentially equal GDP. D) national income will increase, but GDP will decrease. E) sales taxes must be subtracted from GDP.