Growth in labor productivity in health care has been ________ labor productivity in the economy as a whole
A) slightly faster than B) approximately equal to
C) less than half as fast as D) almost twice as fast as
C
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A decrease in total revenue will result if
A) demand is inelastic and price increases. B) demand is elastic and price decreases. C) demand is inelastic and price decreases. D) demand is unitary elastic and price decreases.
Which of the following statements is true of Bitcoin transactions?
a. All Bitcoin transactions are published on the Internet, but individuals' identifying addresses are kept confidential. b. Bitcoin customers' addresses are published on the Internet but the transaction details are kept confidential. c. In terms of confidentiality, Bitcoins rank slightly below checking accounts but far above cash transactions. d. One benefit of Bitcoins is they cannot be lost to computer hackers.
For a previously-legal good, criminalization will cause
A. demand to become less elastic. B. supply to increase. C. supply to become more elastic. D. price to rise, unambiguously.
Suppose your friend is currently a nursing major. She decides she wants to switch her major to economics, but she would lose many of the college credits she has already earned. Explain to her why the past college credits should not be figured into her
marginal benefit and marginal cost calculation. Please provide the best answer for the statement.