The effects of the national health care program on labor markets will
A) increase the quantity supplied of labor.
B) decrease the quantity supplied of labor.
C) increase the quantity demanded for labor.
D) decrease the quantity demanded for labor.
Answer: D
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Latin America
A) is significantly smaller than the NAFTA market in terms of population. B) has a smaller population, but a larger GDP than the NAFTA market. C) has a larger population than the NAFTA market. D) is similar in population to the NAFTA market.
In a Malthusian world, why is misery recurrent?
A) The marginal returns of capital are decreasing. B) Fertility is endogenous. C) Output is increasing in labor. D) Mortality depends on the standard of living.
Per capita real Gross Domestic Product (GDP)
A. gives only the welfare of the richest areas of the country. B. does not tell us the welfare level in the country. C. tells us the overall welfare conditions of all the country's citizens. D. gives only the welfare of the country's corporations.
The chief disadvantage of inflation targeting is that
A. it is difficult to measure the inflation rate precisely. B. it is not easy for the public to observe the inflation rate. C. it is difficult for the central bank to judge what policy actions are needed to hit the target. D. people do not understand what inflation is.