Several reform options have been discussed by Congress to solve some of the structural problems that plague the program. Which of the following options has received little support?
a. Instead of the current open-ended structure of the program, provide premium support directly to individuals allowing them to purchase the plan of their choice.
b. To simplify the benefit structure, roll Parts A, B, and D into one plan with one deductible and uniform coinsurance rates.
c. Limit the coverage for end-of-life care, the most expensive single item in Medicare, to include only essential palliative care.
d. Place limits on the purchase of complementary Medigap insurance that provides first-dollar coverage to pay deductibles and coinsurance.
e. Raise the eligibility age gradually much like the changes that were made to Social Security eligibility.
c. Limit the coverage for end-of-life care, the most expensive single item in Medicare, to include only essential palliative care.
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During an inflationary period, those most likely to suffer reduced wealth are those who are holding their wealth in: a. gold
b. real estate. c. currency. d. stocks.
The budget deficits of the 1980s and early 1990s differ from others in the post-World War II era in that they were
a. a result of the Fed rather than a change in fiscal policy. b. temporary rather than structural, and pose no threat to the economy. c. not contracted to fight a war or end a recession. d. contracted as part of a program to plan the economy.
Which of the following will shift an economy's production possibilities curve inward?
A. an improvement in technology B. an increase in the unemployment rate C. a decrease in land, labor or capital D. a decrease in the unemployment rate
The short-run supply curve of a perfectly competitive firm is based primarily on its
A. MC curve. B. AVC curve. C. AFC curve. D. ATC curve.