The figure above shows the market for annual influenza immunizations the United States. The market equilibrium with no government intervention is ________ because health care generates ________
A) efficient; positive external benefits
B) inefficient; positive external benefits
C) inefficient; positive external costs
D) efficient; positive external costs
E) inefficient; public goods
B
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Philosopher John Rawls's theory of justice presents an argument in favor of income equality that relies on the
a. belief that, objectively, people would rather trade the uncertainties of fortune for the certainty of moderate income b. belief that human beings are perfectible, and it is the unequal distribution of property that creates unequal distribution of incomes c. argument that in a world of identical individuals, equality of incomes achieves the greatest welfare number of people d. argument that income equality breeds the most efficient use of economy's resources e. idea that private property originates from theft
Which of the following indices tracks the largest 500 publicly traded companies?
a. Vix 500 b. Russell Index c. New York Index d. Standard & Poor's 500 Composite Index e. International 500 Index
Consider the parallel demand curves in the following graph to answer the question.
Which curve is relatively more elastic at P1?
A. AA B. BB C. It cannot be determined. D. Both have the same slope; therefore both have the same elasticity.
All of the following are examples of fringe benefits except
a. health insurance. b. retirement payments. c. overtime payments. d. education subsidies.