The Congressional Budget Office estimates that ________ account(s) for less than 1 percent of health care costs in the United States
A) the aging population
B) uninsured patients receiving treatment in hospital emergency rooms that could have been provided less expensively at doctor's offices
C) the payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance
D) advances in medical technology
Answer: C
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Logrolling refers to attempts by individuals to use government action to make themselves better off at the expense of others
Indicate whether the statement is true or false
The economy tends to be less stable with a __________ LM curve causing interest rates to be rather __________ to shifts in the IS curve
A) steeper; sensitive B) steeper; insensitive C) flatter; sensitive D) flatter; insensitive
Consider a nation in which most workers are unionized. If all the nation's unions band together and succeed in boosting wages established by long-term labor contracts, then
A) there is a leftward shift in just LRAS. B) there is a leftward shift in both LRAS and SRAS. C) there is a rightward shift in just SRAS. D) there is a rightward movement along the SRAS curve.
Melanie has a choice of driving or flying from Durham, North Carolina to Knoxville, Tennessee for a one-day business trip. If she travels by air, she will be able to work seven hours in Knoxville, while if she drives, she will only have time to work four hours once there. Her expected income from each hour of work in Knoxville is $40 . If Melanie a rational decision maker, she will chose to fly
if and only if the price differential (air cost minus driving cost) is less than a. $40. b. $120. c. $160. d. $280.