Which of the following contributes to the poor performance of the healthcare industry?
a. An increasing share of healthcare costs is paid for directly by consumers.
b. The tax system discourages the purchase of healthcare through employers, while offering advantages to those who purchase healthcare plans directly.
c. State regulations often force insurers to cover items such as in-vitro fertilization, drug rehabilitation, and marriage counseling, which drive up insurance costs.
d. State regulations make it attractive for health insurers to provide only low-cost, catastrophic health insurance.
C
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Refer to Figure 5-13. The efficient equilibrium price of gasoline is ________ per gallon
A) $3.00 B) $3.75 C) $4.25 D) $5.00
When a park is funded by visitors, but not by taxpayers in general,
a. there will be too few parks, because most people will not pay to use a park. b. visitors will be better served, because poor service would lead to reductions in revenues. c. park budgets will decline. d. park quality will decline.
If economists say, "the price is too high," they mean that:
A) quantity demanded is greater than quantity supplied. B) quantity supplied is greater than quantity demanded. C) the equilibrium price exceeds the current price. D) the price of a good will tend to increase.
Calculate the expected value, the expected return, the variance and the standard deviation of an asset that requires a $1000 investment, but will return $850 half of the time and $1,250 the other half of the time.
What will be an ideal response?