In the United States in 2016, the percentage of people who received health insurance through a government program was about
A) 10%.
B) 16%.
C) 36%.
D) 64%.
Answer: C
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Assume that an industry is significantly affected by import competition from foreign suppliers. Taking this factor into account, it would mean that:
A. The Heyerdahl index would be significantly higher in that industry because there are more firms in the industry B. The industry is less concentrated than suggested by domestic concentration ratios C. There is a high degree of inter industry competition D. There is a low degree of inter industry competition
The prices that are in the public’s best interest will
A. always allow the regulated firm to break even. B. always allow the regulated firm to make positive economic profits. C. sometimes leave the regulated firm with economic losses. D. leave the regulated firm with profits that are about 10 percent higher than those of other firms.