For which of the following medical goods or services is the income elasticity of demand largest?

a. emergency services after a car accident
b. measles shots
c. physical examinations for life insurance applications
d. medical tests to diagnose specific symptoms
e. face-lifts


E

Economics

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The above table gives a country's government outlays and tax revenue for 2008 through 2012. During which years did the country have a balanced budget, budget surplus, and budget deficit?

What will be an ideal response?

Economics

Managers of profit centers are usually given a lot of discretion because

a. They always do an excellent job b. They rarely do a good job c. The company can never judge their performance d. It is relatively easy to tie management pay to division performance

Economics

The slope of a graph that shows a direct relationship is

What will be an ideal response?

Economics

What is the central role of financial intermediaries in a market economy?

A) the creation and printing of money B) keeping the price level stable C) bringing together savers and borrowers D) providing safe deposit boxes for people and businesses

Economics