Once the national health care program goes into effect, we can expect
A) total expenditures on health care will decrease.
B) more individuals will have more incentives to make decisions that promote better health.
C) total expenditures on health care will increase.
D) moral hazard will decrease.
Answer: C
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Dana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $10,000 and 50 percent chance that she will make nothing. What's Dana's expected income from taking this job?
A) $10,000 B) $7,000 C) $5,000 D) zero
An increase in the price level in the United States will shift the aggregate expenditure line upward
Indicate whether the statement is true or false
Suppose that from a new checkable deposit, First National Bank holds eight million dollars on deposit with the Federal Reserve, one million dollars in required reserves, and faces a required reserve ratio of ten percent
Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) two B) eight C) nine D) ten
Suppose you borrow $50,000 from your bank to purchase a Tesla vehicle. This is an example of
A. indirect financing. B. direct financing. C. transaction costs. D. moral hazard.