In the long run, what determines the value of money?
A) real GDP
B) money market equilibrium
C) the government budget balance
D) international trade
E) equilibrium in the loanable funds market
B
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The marginal dollar cost to a patient of visiting a doctor when the patient's bill will be paid entirely by insurance is
A) the same as if the patient had no insurance. B) the value of the care not received by some other patient who couldn't get an appointment. C) zero. D) zero only if the patient does not pay the insurance premiums.
If firms have an incentive to hide information from mandatory disclosure because the information is proprietary, then which of the following remedies is the least intrusive way to overcome this incentive?
A) leave it to the market B) separation of functions C) supervisory oversight D) socialization of information production