In the United States, consumers usually pay ________ than the true cost of medical treatment because of ________
A) more; adverse selection B) less; rising insurance deductibles
C) less; third-party payers D) more; rising insurance premiums
C
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Discuss some of the reasons why economists are concerned about the current recovery from the global financial crisis
What will be an ideal response?
Monetarists' preference for reduced-form models is based on their belief that
A) reverse causation is a problem. B) structural models may understate money's effect on economic activity. C) money supply changes are always endogenous. D) monetary policy affects only investment spending.
In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used. B. technical advice but does not provide them with loans. C. loans, but only if the government adopts certain policies specified by the IMF in return. D. neither loans nor technical advice.
Explain the difference between the economist’s and the accountant’s view of profit
What will be an ideal response?