In the United States, the highest percentage of health care is paid for by:
a. individuals.
b. charities.
c. private insurance.
d. the government.
Answer: d. the government.
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Economics assumes people
A) tend to compete more in markets than they do in government. B) tend to cooperate more in markets than they do in government. C) try to advance their own projects in market and government processes. D) try to pursue the public interest but find over time that only private interests matter.
In the New Keynesian model, if there is a decrease in anticipated future total factor productivity, then
A) there should be no change in monetary or fiscal policy. B) the central bank's interest rate target should be increased. C) government spending should fall, and the central bank's interest rate target should rise. D) government spending should increase.
If the interest rate is 4 percent per year and you borrow $100 for one year, at the end of the year you must pay back
A) $96. B) $100. C) $104. D) $4.
The? state's unemployment rate could have increased at the same time that employment in the state was increasing because
What will be an ideal response?