Suppose that on average each dollar in 1988 would buy what could have been purchased for 25 cents in 1967 (which you assume is the base year for the CPI). What is the CPI in 1988?
A. 100
B. 200
C. 400
D. 500
C. 400
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Protectionism
Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months
A) your marginal cost of studying economics for an hour must have exceeded its marginal benefit. B) the marginal cost of studying economics must have fallen. C) your marginal benefit from studying economics an hour must have been greater than its marginal cost. D) the opportunity cost of studying economics must have risen.
"It is difficult to compare over time health care expenditures, costs, and output." Do you agree or disagree? Why?
What will be an ideal response?
Network model HMOs use _______ to shift financial risk back onto providers
a. capitation. b. practice guidelines. c. open panels. d. closed panels. e. formularies.