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Author Question: In an effort to serve consumers who have become more health conscious, a number of firms have begun ... (Read 140 times)

vHAUNG6011

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In an effort to serve consumers who have become more health conscious, a number of firms have begun developing small electronic devices which allow people to monitor various health conditions.
 
  These firms are reacting to which of the three key economic ideas?
  A) Optimal decisions are made at the margin. B) Firms attempt to maximize revenues.
  C) People respond to economic incentives. D) People are rational.

Question 2

During recessions, government expenditure automatically
 
  A) rises because of programs such as unemployment insurance and Medicaid.
  B) falls because of programs such as unemployment insurance and Medicaid.
  C) falls because of the progressive income tax system.
  D) rises because of the progressive income tax system.


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iceage

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vHAUNG6011

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


carojassy25

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Reply 3 on: Yesterday
:D TYSM

 

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