Question
I don't need explain All true or false questions. 1. Approximately 87% of health-care spending in the U.S. is ultimately paid for by a third
I don't need explain
All true or false questions.
1. Approximately 87% of health-care spending in the U.S. is ultimately paid for by a third party, either a taxpayer or a private insurance company.
2. Approximately four-fifths of national income in the United States represents a return to human capital while the other one-fifth represents returns to physical capital.
3. According to the textbook, automation is a typical source of short run unemployment in an economy.
4. Since 1960, medical-care prices have risen, on average, more than twice as rapidly as consumer prices in general.
5. An increase in the positive rate of time preference will raise the real interest rate in the Loanable Funds Market.
6. In a market-based economy, there is not really a fixed "economic pie" available for the government to allocate to individuals and households.
7. Non-pecuniary job characteristics are the part of a worker's compensation package that includes items like medical insurance, paid vacation days, and retirement contributions.
8. The level of output produced by a monopolist will typically exceed the level of output that would be produced if the industry was instead comprised of many competitive firms.
9. If the demand for loans decreases, the interest rate increases, which discourages lenders from making loans.
10. Under a tournament pay system, the top performers receive payments that are less than their own marginal revenue product.
11. Historically, regulatory agencies have not ever been used as vehicles to maintain high prices in the Product Market.
12. The inflation premium represents the real cost of borrowing money in the Loanable Funds Market.
13. A decrease in the positive rate of time preference will raise the real interest rate in the Loanable Funds Market.
14. Other things constant, the less dangerous a job, the higher the wage rate will be.This is known as a compensating wage differential.
15. Collusion is likely to be more successful if barriers to entry are low and the number of producers in the industry is large.
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