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Author Question: Which of the following nations spends more per person on healthcare? A) Switzerland B) United ... (Read 44 times)

natalie2426

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on: Jun 29, 2018
Which of the following nations spends more per person on healthcare?
 
  A) Switzerland
  B) United Kingdom
  C) Germany
  D) None of the above nations spend more on healthcare.

Question 2

For the past year, Teddy has had a part-time job at which he is willing to work 30 hours each week. During Teddy's annual review, his boss grants him an 8 percent increase in his wage.
 
  As a result of the wage increase, Teddy is now willing to work 25 hours each week. Teddy's opportunity cost of ________ has risen and because for Teddy the substitution effect of the wage hike is ________ than the income effect. A) work; greater
  B) work; less
  C) leisure; greater
  D) leisure; less


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Bison

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

D

Answer to Question 2

D


natalie2426

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

aliotak

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Reply 3 on: Yesterday
Excellent

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