Which of the following is a "free" good?
A) Elderly health care, which is covered by Medicare
B) Health care for the poor, which is covered by Medicaid
C) Higher education in Georgia, which is paid for by lottery revenue
D) All of the above.
E) None of the above.
E
You might also like to view...
Why don't the winners from free trade win the political argument?
What will be an ideal response?
The relationship between the marginal product of capital (MPK), the product price (P), and marginal revenue product of capital (MRPK) in a perfectly competitive market is
a. MPK = P ? MRPK b. MPK = P + MRPK c. MRPK = P/MPK d. MRPK = P ? MPK e. MRPK = P + MPK
The principal source of borrowed reserves is the
A. Federal Reserve System. B. United States Treasury. C. federal funds market. D. Federal Home Loan Bank Board.
If the United States looks more economically and politically stable relative to the rest of the world, this will
A) decrease the demand for dollars. B) increase the demand for dollars. C) have no effect on the demand for dollars. D) stop all trading between the currencies of the United States and other countries.