A system of universal medical insurance would tend to ________ the ________ for medical services
A) increase; elasticity of demand
B) decrease; elasticity of demand
C) decrease; quantity demanded
D) decrease; non-monetary payments
B
Economics
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If your income is $40,000 and your income tax liability is $5,000 . your
a. marginal tax rate is 8 percent. b. average tax rate is 8 percent. c. marginal tax rate is 12.5 percent. d. average tax rate is 12.5 percent.
Economics
In a given year, a country's GDP = $9841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $8148, and government purchases = $185. The country had private saving equal to
A. $2112. B. $2397. C. $285. D. $3850.
Economics