By 2011, which of the following countries had the highest level of real output per capita?

Which of the following is a possible difference between health care and other products? a. The demand curve for health care may be steeper than the demand curve for other products

b. The demand curve for health care is a horizontal line, whereas the demand curve for other products is downward sloping. c. The supply curve for health care is fixed, whereas the supply curve of other products change with a change in its determinants. d. The demand for health care is positively related to price, whereas the demand for other products is inversely related to price. e. The supply of health care is inversely related to price whereas the supply of other products are positively related to price.

Supply-side economics

a. was the policy prescriptions President Clinton used to create budget surpluses b. challenged the views on taxes held by President Bush's (1988–92) chief economic adviser, Arthur Laffer c. was popularized as Reaganomics during President Reagan's administrations d. challenged the view that supply creates its own demand e. advocates crowding out to curb government spending