The burden of Medicaid costs are:
A. The sole responsibility of states
B. The sole responsibility of the Federal government
C. Shared by the states and Federal government
D. Shared by the states and the individual receiving the benefits
C. Shared by the states and Federal government
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The rate at which Sam is willing to give up a gallon of gasoline to get one more pound of coffee, and remain on the same indifference curve is called his
A) opportunity cost of coffee. B) opportunity cost of gasoline. C) personal price of coffee. D) marginal rate of substitution.
Bitcoin is a:
a. Virtual currency that can be converted freely into a wide variety of real-world (legal tender) currencies. b. Virtual currency that keeps track of owners and users by means of a clearing house called Mt. Gox. c. Virtual currency that publishes all Bitcoin-related domestictransactions online but keeps its international transactions confidential. This has led to Bitcoin's widespread use for illegal international (not domestic) transactions. d. All of the statements above are true.