A firm's long term supply function is the segment of the marginal cost above the average fixed cost curve.

Health Care is not like other goods and services because

A. people do not have to pay for it. B. if a newly discovered cure costs a lot, we say, incorrectly, that its price has risen. C. there is no motive to consume more than is economically efficient. D. we tend to like to go to the doctor and do it for enjoyment, whereas we hate going to the dentist.

One way the government can boost the economy out of a recession is:

A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.