Which of the following is a free good?
A) Elderly health care, which is covered by Medicare
B) Health care for the poor, which is covered by Medicaid
C) Higher education in Georgia, which is paid for by lottery revenue
D) All of the above.
E) None of the above.
Question 2
Refer to the figure above. If the economy of Barylia opens up to free trade, then which of the following statements is true?
A) Barylia will start importing calculators.
B) Barylia will start exporting calculators.
C) Domestic consumers will purchase a greater quantity of calculators than before.
D) The production and purchase of calculators within Barylia will remain the same as before.
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