Should the government run the health care system?
What will be an ideal response?
Answer: Some members of Congress have proposed expanding the federal government's role in health care by adopting a system similar to the single-payer system used in Canada, under which the government would provide health care to all residents of the US
What role the federal government should paly in health care is a controversiial public policy issue
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The production period in which at least one input is fixed in quantity is the
A) production run. B) long run. C) short run. D) planning horizon.
In the Wabash case (1886), the Supreme Court held that:
a. states cannot enact laws that interfere with interstate commerce. b. states could restrict price-discrimination based on person, but not price-discrimination based on place. c. states could regulate railroad rates on long-hauls, but not rates on short-hauls. d. held that railroad practices could not be regulated by any federal or state governing body.
Diseconomies of scale tend to occur in large firms because
a. the many layers of management are cumbersome and because it is difficult to monitor employees b. such firms are operating at inappropriate plant sizes for their output levels c. such firms are operating at a point above their long-run average total cost curves d. their ability to adjust their plant sizes is constrained by the existence of fixed inputs e. they fail to garner all the possible gains from specialization
The union shop represents a compromise over labor's control of the labor supply
Indicate whether the statement is true or false