Some economists and policymakers who are in favor of government-provided health care believe that providing health care will generate

The most important determinant of price elasticity of supply is

a. price elasticity of demand b. technological conditions such as how rapidly costs increase when a firm increases its output c. whether the production process relies heavily on capital or on labor d. the number and closeness of available substitutes e. whether the product is a normal good or an inferior good

If net exports are positive, then

a. exports are greater than imports. b. net capital outflow is negative. c. Both of the above are correct. d. Neither of the above is correct.