Because consumers who have insurance provided by their employers usually only pay a deductible for a visit to the doctor's office, they ________ of health care services than they would if they paid a price that better represented the true cost of
providing the service.
A) supply a smaller quantity B) demand a smaller quantity
C) demand a larger quantity D) supply a larger quantity
C
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What is a fractional reserve banking system? How long has the fractional reserve banking system been in existence?
What will be an ideal response?
Moe's Sweaters is a firm in perfect competition. Moe's customers don't know who the firm's workers are
If Moe is the only employer in the market who discriminates against women by paying them less than he pays to equally qualified men, his firm will A) lower its labor cost and receive a greater economic economic profit than its competitors. B) receive a positive economic profit while its competitors will only receive a normal profit. C) not maximize its economic profit and will not survive. D) be able to lower its price and undercut the competitors.
Information gathering for a moral hazard problem happens
a. Before the agent is hired b. After the agent is hired c. After the agent is fired d. None of the above
When the tax rate increases, the absolute value of the tax multiplier falls.
Answer the following statement true (T) or false (F)