Other things equal, an increase in defense spending will increase the budget deficit
a. True
b. False
Indicate whether the statement is true or false
True
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The law of one price should hold well for
A) differentiated products. B) any individual goods traded internationally. C) homogeneous goods. D) All of the above.
Other things the same, an unexpected fall in the price level results in some firms having
a. lower than desired prices, which increases their sales. b. lower than desired prices, which depresses their sales. c. higher than desired prices, which increases their sales. d. higher than desired prices, which depresses their sales.
Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
Refer to Table 22.6. If 2015 is the base year, the price index in 2015 is
A. 1000. B. 100. C. 10. D. 1.
Major criticisms against the Patient Protection and Affordable Care Act (PPACA) include the following arguments, except:
A. It would lead to greater inefficiencies in health care, and overconsumption might even increase B. It is very costly, and the revenue sources cited in the Act would not be sufficient to cover future expenses C. It still does not cover everyone in the nation, and there will still be significant numbers of Americans left uninsured D. It might be the first step towards a socialized health insurance system where market forces will have no role in rationing health care