Which of the following is a characteristic of capitalism?
A. government ownership of all capital
B. government decision-making is preferred to decentralized decision-making
C. market determination of prices and quantity
D. equality of income
Answer: C
Economics
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Total factor productivity growth is that part of economic growth due to
A) capital growth plus labor growth. B) capital growth less labor growth. C) capital growth times labor growth. D) neither capital growth nor labor growth.
Economics
In the health insurance context, moral hazard occurs when patients make less healthy choices and doctors provide treatments that have little medical benefit because they know the costs will be covered by insurance.
Answer the following statement true (T) or false (F)
Economics