If the price of K declines, the demand curve for the complementary product J will:
A. shift to the left.
B. remain unchanged.
C. shift to the right.
D. decrease.
Answer: C
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The relationship between the government deficit and the change in the monetary base is
A) deficit equals change in government debt held by the public minus change in monetary base. B) deficit equals change in government debt held by the public plus change in monetary base. C) deficit equals change in government debt outstanding plus change in monetary base. D) deficit equals change in government debt outstanding minus change in monetary base.
Which of the following statements about health insurance is true?
A. Medicare is a government program set up to cover the medical expenses of low-income families and individuals with disabilities. B. Medicaid is a government program set up to cover the medical expenses of older citizens. C. For employer-provided health insurance plans, the employee generally pays the bulk of the costs, while the employer covers 10 or 20 percent of the overall insurance expenses. D. Low-income workers are less likely than high-income workers to be covered by an employer health plan.
If supply increases, then the
A. supply curve shifts to the left. B. equilibrium quantity goes down. C. demand curve shifts to the right. D. equilibrium price goes down.
The Taft-Hartley Act of 1947 outlawed
A) strikes. B) make-work rules and forcing unwilling workers to join a union. C) right-to-work states. D) none of the above.