Your text suggests if the price of insulin were to significantly increase, more diabetics will
A) avoid refilling their prescriptions.
B) turn toward substitutes such as a better diet and exercise.
C) adopt holistic healthcare, organic medicines, and other perceived substitutes.
D) do all of the above.
E) do none of the above.
D
Economics
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The tax multiplier
A) is negative. B) is a measure of how much taxes will fall when income is falling. C) is larger in absolute value as compared to the government spending multiplier. D) is always less than one.
Economics
A famous cartel that dramatically increased the price of oil in the mid-1970s was
a. OTEC b. IMF c. OECD d. OPEC e. LDC
Economics