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
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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?
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
The slope of a graph that shows a direct relationship is
What will be an ideal response?
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