Medicare
A) subsidizes the care of older people, which gives them NO incentive to consume more medical services.
B) subsidizes the care of older people, which gives them an incentive to consume more medical services.
C) subsidizes the care of young people, which gives them an incentive to consume less medical services.
D) subsidizes the care of middle aged people, which gives them an incentive to consume more medical services.
B
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A firm might prefer to choose a salary system rather than a commission or piece-rate system of compensation when there are concerns about output quality
Indicate whether the statement is true or false
Between 1929 and 1982, according to Edward Denison, approximately
a. one-fourth of the growth in output was due to the increase in the quantity of labor. b. one-third of the growth in output came from an increase in the quantity of labor. c. forty-five percent of the growth in output was credited to an increase in the quantity of labor. d. ten percent of the growth in output was responsible for the increase in the quantity of labor.