In 1966, the Catholic Church eliminated the centuries-old requirement that members abstain from eating meat on Fridays. Catholics customarily ate fish on Friday. Following the removal of this requirement, it was found that the
A. demand curve for fish shifted to the right.
B. demand curve for fish shifted to the left.
C. demand for meat decreased.
D. price of fish increased.
Answer: B
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If there is an increase in the future marginal product of capital in a small open economy, it causes the current account to ________ and saving to ________
A) fall; rise B) rise; remain unchanged C) fall; remain unchanged D) rise; rise
Which of the following statements about health insurance is true?
A. Medicare is a government program set up to cover the medical expenses of low-income families and individuals with disabilities. B. Medicaid is a government program set up to cover the medical expenses of older citizens. C. For employer-provided health insurance plans, the employee generally pays the bulk of the costs, while the employer covers 10 or 20 percent of the overall insurance expenses. D. Low-income workers are less likely than high-income workers to be covered by an employer health plan.