Combined in 2014, the federal and state spending on Medicaid amounted to
A. $400 billion.
B. $2.7 million.
C. $496 billion.
D. $197 million.
Answer: C
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In an auction where values or common or correlated, it is best for firms to participate in auction that have ________ bidders and be ________ aggressive in their bidding strategy when the true value of the item is highly uncertain.
A) more; less B) few; less C) more; more D) few; more
According to the "law" of demand, we would expect
a. the demand curve to be negatively sloped. b. the demand curve to be positively sloped. c. the total quantity demanded by the market to move in the same direction as price. d. marginal utility to increase as quantity demanded increases.
Money market mutual funds are accounts that are
A. usually offered by banks. B. do not pay interest income. C. insured by the federal government. D. usually offered by brokerage and insurance firms.
Sarah's Bargain Store, a perfect competitor, made an economic profit of $20,000.
A. She is operating in the short run. B. She is operating in the long run. C. She may be either in the short run or the long run. D. There is no way to determine if she is operating in the short run or the long run.