Economists favor the use of peak-load pricing since it can
A. improve the equity of the distribution of income.
B. enhance the efficiency in the use of scarce resources.
C. improve the profit levels of corporations.
D. result in lower levels of pollution.
Answer: B
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Over time in a growing economy, the long run aggregate supply curve will
A) shift inward to the left. B) shift outward to the right. C) become increasingly stee
Tacit collusion is more likely to occur when firms' costs ________ closely related and their products ________ close substitutes.
A) are not; are B) are; are not C) are not; are not D) are; are
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.
Medicaid payment rates to physicians are significantly below those paid by private insurers. Using the results of a Merritt Hawkins (2014) survey, how do these lower payment rates affect physician access for enrollees?
a. Metropolitan areas with fewer than average number of physicians per capita are more likely to accept new Medicaid patients. b. Despite low payment rates, access to physicians is relatively good across the country. c. Overall, almost 75 percent of physicians accept new Medicaid patients into their practices. d. The average number of days it takes to get an appointment to see a physician is lower where there are more physicians per capita. e. The greater the supply of physicians, the more likely they are to accept new Medicaid patients