The "too much of a good thing" situation in health care in the U.S. is a result of the following causes, except:
A. The information asymmetry between health-care providers and consumers
B. The way health care spending is financed in the U.S.
C. The interaction between insurance and technological progress in the health care industry
D. The rising wages of health-care workers
D. The rising wages of health-care workers
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If the prices for the same goods and services are different in two nations, the exchange rate adjusts over the long run to achieve
A) zero net exports for each nation. B) purchasing power parity between the two currencies. C) balance of payments account between the two nations equal to zero. D) a zero current account balance between the two nations. E) interest rate parity.
Refer to the figure above. What is the equilibrium quantity of labor hired by the firm when the wage rate is $4 per hour?
A) 10 hours B) 20 hours C) 50 hours D) 70 hours