Economically speaking, the design of Medicare
A) encourages the consumption of medical services.
B) discourages the consumption of medical services.
C) helps to decrease the cost of care to non-Medicare patients.
D) discourages the provision of medical services.
Answer: A
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If the U.S. interest rate rises while interest rates in the rest of the world do not change, the higher U.S. interest rate
A) decreases the demand for dollars. B) increases the demand for dollars. C) has no effect on the demand for dollars. D) will stop all trading between the currencies of the U.S. and other countries.
If a product's price increases, then its:
a. MP will increase. b. MFC will increase. c. MRP will increase. d. MP will decrease.
How is the dividing line between poverty and nonpoverty measured? Does this method overstate the degree of poverty?
If banks' desired reserve ratio increases from 0.10 to 0.15, the public still desires to hold the same amount of currency, the money supply will:
A. not change. B. either increase or decrease. C. decrease. D. increase.