Federal Express's purchase of trucks and planes
A) is financial capital.
B) creates wealth.
C) is an example of physical capital.
D) reflects capital gains.
E) includes depreciation.
C
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A goal of market-based reforms of the health care system is to give patients an incentive to pay more attention to the prices of medical services. This would tend to ________ economic efficiency by ________ the costs of medical services
A) increase; increasing B) decrease; increasing C) increase; decreasing D) decrease; decreasing
Suppose Dianne Lindsay spends all her income on two goods, A and B, in a manner in which MUa = 15 and MUb = 75, and Pa = $3 and Pb = $15, then she
a. is already maximizing her total utility and should make no change b. should increase her purchases of B and decrease her purchases of A because MUb is higher than MUa c. should raise MUa so that the MUa/Pa ratio is higher and therefore buy more of A and less of B d. should raise MUa so that the MUa/Pa ratio is higher and therefore buy more of B and less of A e. should increase her purchases of A and decrease her purchases of B because the price of A is lower