If patients were allowed to sue their HMO, we would expect
A) the demand curve for health care services provided by the HMO to shift to the left and the price of HMO-provided health care coverage to fall.
B) the supply curve for health care services provided by the HMO to shift to the left and the price of HMO-provided health care coverage to rise.
C) the supply curve for health care services provided by the HMO to shift to the right and the price of HMO-provided health care coverage to fall.
D) a and b
E) none of the above
B
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The price of a goods falls and you discover that you can eat more of the goods because they are cheaper than other goods
a. surplus efficiency. b. latent efficiency. c. demand efficiency. d. production efficiency. e. none of the above
Can the U.S. dollar and the euro both appreciate relative to each other? a. Yes, both countries can gain in this manner
b. Yes, provided the central banks agree to permit it. c. No, if one currency appreciates relative to another, the other depreciates. d. No, the citizens of the countries would not agree to it.
By raising aggregate demand more than anticipated, policymakers
a. reduce unemployment for awhile. b. raise unemployment for awhile. c. reduce unemployment permanently. d. None of the above is correct.
Which of the following is an example of a positive statement?
A) It is too hot to go jogging. B) Ceteris paribus, a teacher should award a higher grade if you study more hours for an economics test. C) When the price of an item increases, people respond by reducing their consumption of the item. D) The government should balance the budget.