The federal share of Medicaid financing, or federal matching assistance percentage (FMAP), ranges from a minimum of _____ percent in 13 high-income states to _____ percent in Mississippi.
a. 50; 60
b. 25; 50
c. 50; 75
d. 25; 75
c. 50; 75
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Blu-ray disc players, iPhones, and hybrid cars are generally considered to be ________ goods
A) service B) nondurable C) durable D) intermediate
The person or firm that pays a tax bears the burden of the tax
Indicate whether the statement is true or false
Who among the following is most likely to favor an appreciation of the U.S. dollar?
a. a German professor visiting Chicago b. an American farmer who depends on exports c. an American professor on a tour of Austrian universities d. Disney World in Orlando, Florida, a popular destination for foreign tourists
Other things the same, as the price level falls, a country's exchange rate
a. and interest rates rise. b. and interest rates fall. c. falls and interest rates rise. d. rises and interest rates fall.