.If, over the years, the standard night in a hospital has risen in price from $200 a night to $1000 a night but now also includes amenities, then economists insist that the price A)has risen $800 over that period. B)has definitely risen but by less than $800 over that period. C)has definitely risen and by more than $800 over that period. D)may have risen or fallen depending on the value of the amenities.
51.If, over the years, the standard night in a hospital has risen in price from $200 a night to $1000 a night but now also includes amenities, then economists insist that the price
A)has risen $800 over that period.
B)has definitely risen but by less than $800 over that period.
C)has definitely risen and by more than $800 over that period.
D)may have risen or fallen depending on the value of the amenities.
52.Effective AIDS drugs did not exist in the early 1980s. When they became available they were very expensive. When people use these facts to say that the price of AIDS drugs has increased economists generally
A)agree.
B)suggest they are confusing price increases with quality increases.
C)note that the drugs are not as effective as advertised.
D)stay out of this discussion.
53.Effective AIDS drugs did not exist in the early 1980s. When they became available they were very expensive. When people use these facts to say that the price of AIDS drugs has increased economists generally
A)agree.
B)suggest that the price actually fell.
C)note that the drugs are not as effective as advertised.
D)stay out of this discussion.
54.When creating market demand curves for privately produced and privately consumed goods we
A)add the quantity demanded at each price.
B)add the price paid at each quantity.
C)take an average of the quantity demanded at each price.
D)take an average of the price paid at each quantity.
55.When creating a demand curve for a good where one group gets the good for free and another group must pay the market price you must
A)add the quantity demanded for each group at each price.
B)add the price paid at each quantity.
C)take an average of the quantity demanded at each price.
D)add the amount that the first group wants (when it is available to them free) to the quantity demanded by the second group at each price.
56.Publicly provided health insurance for the poor will
A)raise the price of health care to the non-poor.
B)raise the level of health care consumed by the non-poor.
C)decrease the total amount of health care consumed.
D)raisethe price of health care to the non-poor and decrease the total amount of health care consumed.
57.Publicly provided health insurance for the poor will
A)lower the price of health care to the non-poor.
B)raise the level of health care consumed by the non-poor
C)increase the total amount of health care consumed
D)lower the price of health care to the non-poor and increase the total amount of health care consumed.
58.Publicly provided health insurance for the poor will
A)raise the price of health care to the non-poor.
B)raise the level of health care consumed by the non-poor.
C)increase the total amount of health care consumed.
D)raise the price of health care to the non-poor and increase the total amount of health care consumed.
59.Publicly provided health insurance for the poor will
A)lower the price of health care to the non-poor.
B)raise the level of health care consumed by the poor.
C)decrease the total amount of health care consumed.
D)lower the price of health care to the non-poor and decrease the total amount of health care consumed.
60.Publicly provided health insurance for the poor will
A)lower the price of health care to the poor.
B)lower the level of health care consumed by the poor.
C)increase the total amount of health care consumed.
D)lower the price of health care to the non-poor and increase the total amount of health care consumed.
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