In 2013, the average child who was eligible for Medicaid cost the government
A. $4,211.
B. $2,807.
C. $938.
D. more than the average cost of all Medicaid recipients.
Answer: B
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Taxes can create deadweight losses because they
a. allow the government to fund private goods. b. create administrative burdens as people comply with tax laws. c. allow the government to fund public goods. d. Both b and c are correct.
Two CEOs from different firms in the same market collude to fix the price in the market. This action violates the
a. Clayton Act of 1914. b. Sherman Antitrust Act of 1890. c. Crandall-Putnam ruling of 1983. d. Jackson-Microsoft ruling of 2000.
Exhibit 15-6 Dollars per British pound QuantityDemanded Dollarsper Pound QuantitySupplied 200 5 600 240 4 480 300 3 410 360 2 360 390 1 330 In Exhibit 15-6, the equilibrium exchange rate is:
A. 5. B. 4. C. 3. D. 2.
If the graph shown represents Taylor's budget constraint, which of the following consumption bundles could Taylor choose?
A. Taylor cannot choose to consume any of these bundles B. One pair of earrings and six hairbands C. Four pairs of earrings and eight hairbands D. Two pairs of earrings and six hairbands