Q: The oil price increases of 2002-2005 are an example of
The oil price increases of 2002-2005 are an example of a a) positive aggregate demand shock. b) negative aggregate demand shock. c) positive aggregate supply shock. d) negative aggregate supply sh...
See AnswerQ: The reason the European Central Bank (ECB) didn’t engage in
The reason the European Central Bank (ECB) didn’t engage in the kind of expansionary monetary policy that the Federal Reserve did for the United States was that a) the ECB didn’t view the problem as...
See AnswerQ: For the ruler of a developing country, the opportunity cost of
For the ruler of a developing country, the opportunity cost of a choice to invest in universal education a) is the reduction in health care spending. b) does not exist because food is a necessity. c...
See AnswerQ: When one country objects to the trade restrictions of another, the
When one country objects to the trade restrictions of another, the provisions of trade treaties typically a) allow it to militarily exact retribution against the offending party. B) require that it...
See AnswerQ: Overfishing certain parts of the ocean and certain species of fish has
Overfishing certain parts of the ocean and certain species of fish has been a problem for centuries with countries actually going to war over fishing disputes. Ronald Coase would suggest that there wo...
See AnswerQ: Which of the following forms of private insurance is likely to have
Which of the following forms of private insurance is likely to have the lowest premiums and least doctor choice flexibility? a) Medicare b) An HMO c) A PPO d) A fee-for-service plan
See AnswerQ: The DRG system controls Medicare expenses by a) preventing doctors
The DRG system controls Medicare expenses by a) preventing doctors from using particular procedures. b) paying hospitals after they submit bills. c) paying hospitals on the basis of a disease or i...
See AnswerQ: The market form for a new drug in an area that had
The market form for a new drug in an area that had one other drug is a) perfect competition. b) monopolistic competition. c) oligopoly. d) monopoly.
See AnswerQ: When one party harms another and the harmed party hires a lawyer
When one party harms another and the harmed party hires a lawyer who will collect only if the harmed party wins the suit, they have hired a a) personal injury attorney. b) contingency attorney. c)...
See AnswerQ: The Federal Reserve has indirect control over short-term interest rates
The Federal Reserve has indirect control over short-term interest rates, and as a result, their ability to control economic activity is through a) aggregate supply. b) aggregate demand. c) residual...
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