A goal of ________ is to give patients an incentive to pay more attention to the prices of medical services. This would tend to increase economic efficiency by decreasing the costs of medical services

If private savings equals $1.2 billion and private investment equals $1.5 billion, then there is a

A) current account balance. B) government sector deficit. C) private sector deficit. D) private sector surplus. E) government sector surplus.

Which of the following is true at the output level where average total cost is at its minimum?

A) Marginal cost equals average variable cost. B) Average variable cost equals fixed cost. C) Average total cost equals average fixed cost. D) Marginal cost equals average total cost.