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Author Question: Refer to the Article Summary. Assume that foreign governments begin to publicize their existing ... (Read 90 times)

Alygatorr01285

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on: Jun 29, 2018
Refer to the Article Summary. Assume that foreign governments begin to publicize their existing medical services to American medical tourists and more Americans consider hip-replacement surgery to improve their quality of life.
 
  What will happen in the market for hip-replacement surgery as a result of these two factors?
  A) Demand will increase, but these two factors will not shift the supply curve.
  B) Demand will increase and supply will decrease.
  C) Supply will increase, but these two factors will not shift the demand curve.
  D) Demand and supply will both increase.

Question 2

The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier.
 
  A) productively efficient B) allocatively efficient
  C) attainable D) unattainable


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tjayeee

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Alygatorr01285

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Bigfoot1984

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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