A shortage of hospital beds will likely lead to

a. an increase in the supply of hospital beds.
b. a decrease in the demand for hospital beds.
c. an increase in the price of a hospital stay.
d. a decrease in the price of a hospital stay.
e. none of the above.

C

Economics

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Explain the connection between property rights and economic growth

What will be an ideal response?

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A regressive tax

a. taxes individuals with higher incomes at a higher rate than individuals with lower incomes. b. takes a similar percentage of income at all income levels. c. takes a higher percentage of the income of those with lower incomes than for those with higher incomes. d. taxes savings at a higher rate than consumption.

Economics