As depicted in the circular flow diagram, firms
A) supply the resources that households demand in factor markets.
B) demand the goods and services that households supply in product markets.
C) demand the resources that households supply in product markets.
D) supply the goods and services that households demand in product markets.
D
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Were the price of gasoline to permanently increase by 10% overnight and stay there for the foreseeable future. Other things constant,
A) the demand for gasoline would fall immediately. B) the quantity demanded for gasoline would fall immediately. C) the quantity demanded for gasoline would fall more dramatically over time D) the quantity demanded for gasoline would remain unchanged, because cars can only be run on gasoline.
Health insurance plans which typically reimburse doctors mainly by paying ________ are known as health maintenance organizations
A) an escalating fee based on the number of patients being treated B) a fee for each individual service provided C) a fee for each individual office visit D) a flat fee per patient