Medicare costs are high, and rising at rapid rates, because
A. medical technology is advancing and raising costs.
B. medical technology is advancing and raising costs, and at the same time there are more and more elderly.
C. the elderly have been shown to enjoy hospitals.
D. there are more and more elderly.
Answer: B
Economics
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Which of the following is NOT true about a cartel?
A) Members earn economic profits. B) Members experience large economies to scale relative to industry demand. C) Cartels will set common prices for their members. D) Members of a cartel will have production quotas.
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When the interest rate is higher, the difference between the value of money today and tomorrow is smaller.
Answer the following statement true (T) or false (F)
Economics