For which of the following medical goods or services is the income elasticity of demand likely to be largest?
a. emergency services after a car accident
b. measles shots
c. physical examinations for life insurance applications
d. medical tests to diagnose specific symptoms
e. face-lifts
E
Economics
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Based on the figure above, the aggregate demand curve will shift from AD0 to AD1 when
A) the Federal Reserve lowers the interest rate. B) government expenditure decreases. C) the price level falls. D) the price level rises. E) potential GDP increases.
Economics
A business's use of a bank located outside of the home country is called
A) Swiss banking. B) offshore banking. C) international banking. D) domestic banking. E) international swapping.
Economics