Refer to Table 2-9. Thailand has a comparative advantage in the production of
A) wristwatches. B) rice. C) both products. D) neither product.
A
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According to the Economic Freedom Index,
A) countries with the lowest economic freedom enjoyed the highest per capita GDP. B) countries with the highest economic freedom enjoyed the lowest per capita GDP. C) countries with the highest economic freedom enjoyed the highest per capita GDP. D) there is no relationship between economic freedom and per capita GDP.
Economists John Cogan, Glenn Hubbard, and Daniel Kessler have estimated that repealing the tax preference for employer-provided health insurance would
A) increase overall spending on health care as consumers would have to pay a higher price for medical services. B) reduce spending by people enrolled in these programs by 33 percent. C) significantly reduce the effectiveness of the health care received by those enrolled in these programs. D) drive up prices for health care coverage since insurance reimbursements to doctors would be reduced.