When health care is made available to the poor without cost, the market demand for health care services represents, for every different possible price, the quantity of services demanded
A. only by the government at that price.
B. by the non-poor at that price and by the poor at a price of zero.
C. by both the non-poor at that price and by the poor at that price.
D. only by the non-poor at that price.
Answer: B
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The efficient markets hypothesis indicates that investors
A) can use the advice of technical analysts to outperform the market. B) do better on average if they adopt a "buy and hold" strategy. C) let too many unexploited profit opportunities go by if they adopt a "buy and hold" strategy. D) do better if they purchase loaded mutual funds.
A geographic region in which the benefits of having a common currency exceed the costs is
A) an optimum currency area. B) an exchange-rate mechanism. C) a currency board area. D) a common currency area.