Economic theory indicates that the growth of subsidies to healthcare consumers and accompanying expansion in third-party payments will
a. place downward pressure on the prices of healthcare services.
b. lead to higher healthcare prices.
c. increase the incentive of consumers to economize on their purchases of healthcare services.
d. increase the incentive of healthcare providers to provide their services at economical prices.
B
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The primary responsibility of conducting monetary policy rests with the:
A) Board of Governors. B) Federal Open Market Committee. C) Federal Deposit Insurance Corporation. D) U.S. Treasury.
Which statement is false?
A. Suburbanization was the migration of tens of millions of middle-class Americans—nearly all of them white—from the cities to the suburbs. B. The people who moved to the suburbs were replaced in the cities by millions of poor people, the large majority of whom were black and Hispanic. C. The inner cities today are socially isolated from the rest of the country. D. None of these statements are false.
In a call center, which of the following situations can be considered as a variable input in the short run?
A) the level of computer software being utilized
B) the number of call center representatives on duty at the center
C) the number of call center managers or supervisors
D) the size (e.g., square footage) of the call center
At the $180 billion equilibrium level of income, saving is $38 billion in a private closed economy. Planned investment must be:
A. $138 billion. B. $126 billion. C. $38 billion. D. $180 billion.