Explain how Singapore delivers good quality health care with significantly less spending than the United States
What will be an ideal response?
Singapore has an efficient and effective health care system that relies on competition, consumer incentives, and saving. Competition is encouraged by requiring hospitals to post prices for services. The consumer is given an incentive not to over-consume health care because there are high out-of-pocket consumer costs for using health care services. Consumers also are required to have medical saving accounts and deposit 6 percent of their incomes in these accounts.
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An increase in disposable income leads to a
A) rightward shift of the supply of loanable funds curve. B) rightward shift of the demand for loanable funds curve. C) downward movement along the supply of loanable funds curve. D) leftward shift of the supply of loanable funds curve. E) leftward shift of the demand for loanable funds curve.
Refer to the production possibilities frontier in the figure above. Which production point is unattainable?
A) point a B) point b C) point c D) point e
What were the two main rationale for exempting nonbanks from restrictions on assets and degrees of leverage?
What will be an ideal response?
If a government wants to maximize revenues from a tax it should
A) impose it on sellers. B) impose it on consumers. C) choose a good with a relatively elastic demand. D) choose a good with a relatively inelastic demand.