If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock.
B. long-run supply shock.
C. long-run demand shock.
D. short-run demand shock.
Answer: B
Economics
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The health care system in Canada is referred to as ________, and is a system in which the provincial governments provide national health insurance to all Canadian citizens
A) a single-payer system B) a universal health insurance system C) socialized medicine D) a private health care system
Economics
Full employment does not mean that there is zero unemployment because
A) of unrealistic wage expectations. B) some cyclical unemployment is always present. C) of the existence of discouraged workers. D) business fluctuations are inevitable. E) some frictional unemployment is always present.
Economics