As a percentage of national income, the U.S. spends more money on health care than any other ...

As a percentage of national income, the U.S. spends more money on health care than any other industrialized nation.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

Susan works 60 hours a week while Rachel works 20 hours because she is unable to find full-time work. Which of the following statements is true?
 a. Susan is likely to work for an extra hour without a pay hike.
  b. Rachel is unlikely to give up another hour's leisure without a pay hike.
  c. Susan's opportunity cost of leisure is likely to be lower than Rachel's.
  d. Susan is unlikely to give up another hour's leisure without a pay hike.

QUESTION 3

A major institution in international regulation is the
 A) WTO.
  B) Federal Reserve.
  C) FDIC.
  D) TSA.

QUESTION 4

Discrimination occurs when someone is denied employment on the basis of some non-economic factor such as race, religion, or gender.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

Lisa's hourly pay increases from 8 to 10 as her performance improves. We can conclude that:
 a. her marginal cost of leisure declines.
  b. her opportunity cost of leisure increases.
  c. her opportunity cost of work increases.
  d. her marginal cost of work declines.

QUESTION 6

A competitive strategy is
 A) is the development of a price fixing arrangement.
  B) the development of a distinctive capability.
  C) a rent-seeking strategy.
  D) a path to accounting profits.