Which of the following would likely lead to the greatest improvement in health status of the population in the United States?
a. Higher per capita incomes.
b. More spending on public health, such as improved water supply and sanitation.
c. More medical care spending overall.
d. Improved lifestyles, including reductions in the use of tobacco, alcohol, and drugs.
e. More rural hospitals.
D
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All else equal, the amount of waste caused by full health insurance is:
A. larger the higher is the price elasticity of demand for medical services. B. larger the lower is the price elasticity of supply for medical services. C. smaller the higher is the price of medical services. D. larger the lower is the price elasticity of demand for medical services.
The minimum value of the Herfindahl-Hirschman Index is
A) -100. B) -1. C) approximately 0. D) 1.
When firms exit a perfectly competitive industry, the market supply curve shifts to the left
Indicate whether the statement is true or false
Which of the following arguments for trade protection contends that new domestic industries need support to establish themselves and survive?
A. The increased domestic employment argument. B. The cheap foreign labor argument. C. The diversification-for-stability argument. D. The infant industry argument.