38. Kuznets' inverted-U hypothesis

Select one:

a. implies that things must get worse before they get better.

b. suggests that inequality will improve and then worsen as a country grows.

c. suggests that inequality will worsen and then improve as a country grows.

d. points out six characteristics of modern economic growth.

39. Increase in income and insurance premiums

Select one:

a. depends on the elasticity of demand and one can not determine which direction the demand curve will shift.

b. Will cause the demand curve for health care services to shift right when income increases and to shift left when insurance premium increases

c. Will shift the demand curve to the left

d. will cause the demand curve for health care services to shift to the right

40.If doubling inputs results in doubling the output , then

Select one:

a. This is an example of capital-saving technological progress and will rotate the production possibility curve

b. This is an example of labor-saving technological progress and does not lead to change in production possibility curve

c. will only lead to neutral technological progress and has nothing to do with production possibility curve

d. this is an example of a neutral technological progress and results in shifting the production possibility curve up and in parallel