The goal of Medicare is to
A) help the poor and indigent pay their hospital bills.
B) prevent poverty in urban cities.
C) subsidize medical expenses for the elderly.
D) subsidize costs incurred by doctors.
Answer: C
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A bank initially has $620 million in assets and $580 million in liabilities. The banks net worth (capital) is _____________ million. If the bank's assets decline by 5% and its liabilities do not change, its capital decreases by ____________
A) $40; 5% B) $70; 141.4% C) $40; 77.5% D) $600; 5%
Refer to the accompanying figure.
Suppose Zeynep's budget constraint is initially given by BC1. If her budget constraint shifts to BC2, this could be the result of:
A. a decrease in the price of cheese sandwiches and an increase in the price of ham sandwiches. B. a decrease in the price of cheese sandwiches and an increase in income. C. an increase in the price of cheese sandwiches and a decrease in income. D. an increase in the price of cheese sandwiches and a decrease in the price of ham sandwiches.
Assume the total product of two workers is 130 and the total product of three workers is 150. The average product of three workers is ________, and the marginal product of the third worker is ________.
A. 13.33; 6.67 B. 120; 100 C. 50; 20 D. 40; 10
Over the past 10 years, the average growth rate in real GDP has been 2 to 3 times greater in India than in the United States. What does this indicate about the difference in the level of income in India and the United States over the past 10 years
What will be an ideal response?