Once the national health care program goes into effect, we can expect
A) the quantity of health care services supplied will increase.
B) total expenditures on health care will decrease.
C) more individuals will pay more out of pocket expenses.
D) moral hazard will increase.
Answer: D
You might also like to view...
Sugar price supports ensure an abundance of sugar, and hence reasonable prices for consumers.
Answer the following statement true (T) or false (F)
What are the strengths and weaknesses of the negative income tax (NIT) as an alternative to traditional welfare programs?
What will be an ideal response?
The relationship between tax rates and tax revenues is shown on the
A) IRS curve. B) production possibilities frontier. C) Laffer curve. D) Discretionary Spending curve.
If a perfectly competitive firm incurs an economic loss, it should
A) shut down immediately. B) try to raise its price. C) shut down in the long run. D) shut down if this loss exceeds fixed cost.