At the most basic level, the distinguishing characteristic of government that makes it different from private firms is its ability to
a. use coercive force against adults to modify their behavior or force them to pay for a good or service.
b. direct resources in a manner that serves the public interest rather than the private interest of individuals.
c. produce goods and services that people value.
d. escape the constraints imposed by scarcity.
A
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A major factor contributing to the growth in employee-based health insurance in the United States has been
a. greater than average economic growth leading to increased demand for labor. b. the tax free treatment of health insurance as an employee benefit. c. legislation requiring all firms to provide health insurance to all full-time workers. d. the long standing tradition in the United States of providing a generous package of benefits to all workers.
According to economists, changes in the quality of goods
a. leads to overestimates of the measured value of GDP because these goods last for shorter amounts of time b. leads to underestimates of the measured value of GDP because these goods last for shorter amounts of time c. leads to overestimates of the measured value of GDP because these goods last for longer amounts of time d. have no effect on the measured value of GDP e. leads to underestimates of the measured value of GDP because these goods last for longer amounts of time