An example of third-party financing of health care is
A. patients paying for their visit to the doctor.
B. Medicare.
C. patients not going to the doctor in order to save money.
D. a patient going to another doctor for a second or a third opinion.
Answer: B
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Railroad deregulation led to higher prices for railroad service
Indicate whether the statement is true or false
A monopolist earns an economic profit only when:
a. average total cost equals than price. b. marginal cost equals price. c. marginal revenue equals price. d. average total cost is less than price.
In the long run, output gaps are eliminated by:
A. increasing potential output. B. increased efficiency in labor markets. C. price changes. D. reducing potential output.
Exhibit 15-7 Lower Walloon National Bank Assets Liabilities Reserves$10,000 Checkable deposits$10,000 In Exhibit 15-7, if the required reserve ratio is 20 percent for all banks, and every bank in the banking system loans out all of its excess reserves. Then a $10,000 deposit from Mr. Brown in checkable deposits could create for the entire banking system:
A. $8,000 worth of new money. B. $2,000 worth of new money. C. $10,000 worth of new money. D. $40,000 worth of new money.