The top 5 percent of health care users in the United States account for
A) 30 percent of all health costs.
B) over 50 percent of all health costs.
C) over 75 percent of all health costs.
D) almost 90 percent of all health costs.
B
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If the level of government spending increases at the same time the Fed is pursuing contractionary monetary policy, we know that
a. incomes will fall. b. the interest rate will rise. c. incomes will rise. d. the interest rate will fall.
If average labor productivity decreases while population and the number of employed workers remain constant, then output per person:
A. may increase or decrease. B. increases. C. decreases. D. remains constant.
Figure 8.4 depicts demand and costs for a monopolistically competitive firm. If the firm's demand curve shifts to the left as more firms enter the market:
A. the firm's average cost will be higher at the new profit-maximizing output level. B. the firm's average cost will be lower at the new profit-maximizing output level. C. the firm's average cost will remain the same at the new profit-maximizing output level. D. There is not sufficient information.
The income profile of the children enrolled in Head Start is such that it
A. mirrors the income profile of those in poverty. B. suggests that enrollees are poorer than even those in poverty. C. suggests that enrollees are wealthier than the general population. D. mirrors the income profile of the general population.