Indemnity coverage does not include:
a. compensation toward the cost of medical services in the event of illness.
b. compensation toward the cost of medical services for routine health issues.
c. compensation toward the cost of medical services in the event of injury.
d. both b. and c.
b
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If real GDP and the velocity of circulation do not change and the quantity of money grows by 3 percent, then in the long the inflation rate is
A) 0 percent. B) 3 percent. C) larger than 3 percent. D) -3 percent. E) More information is needed to answer the question.
An economy with only the household and firm sectors is called:
A) a mixed economy. B) a private economy. C) a command economy. D) none of the above.
Which of the following goods is the most liquid?
A. Painting by Degas B. Checking account C. Home-baked cookies D. Gold watch
Ceteris paribus, if negotiations lead to lower wages for airline employees, what will be the result in the market for air travel?
a. an increase in equilibrium price and an increase in equilibrium quantity b. an increase in equilibrium price and a decrease in equilibrium quantity c. a decrease in equilibrium price and an increase in equilibrium quantity d. a decrease in equilibrium price and a decrease in equilibrium quantity