One problem with third-party financing of health care is that
A) people have more incentive to utilize health care.
B) demand falls so that suppliers cannot take advantage of economies of scale.
C) it reduces the quality of health care people receive.
D) it discourages people from relying on their physicians' advice in making health care decisions.
Answer: A
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In the United States, the distribution of income after the income tax is ____ the distribution of income before the income tax.
A. slightly less equal than B. about as equal as C. slightly more equal than D. a great deal more equal than
Which measure of money would we most likely use if we were interested in looking at spending in the economy?
A. Hard money B. M1 C. M2 D. Reserves.
Which of the following government programs provides recipients with unrestricted cash payments?
a. The food stamp program b. Medicaid c. Temporary Assistance to Needy Families (TANF) d. Housing assistance programs
Monetary policy involves the use of money and credit controls to:
A. Move the economy along the aggregate demand curve. B. Move the economy along the aggregate supply curve. C. Shift the aggregate demand curve. D. Shift the aggregate supply curve.