The health care system in Canada is referred to as ________, and is a system in which the government provides national health insurance to all Canadian residents

A) an out-of-pocket system
B) a single-payer health care system
C) a universal health insurance system
D) socialized medicine


Answer: B

Economics

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It takes a machine 2 hours to make a unit of Good X, and 1 hour to make a unit of Good Y. If the machine can be used for 10 hours, which of the following combinations will lie on its production possibilities curve?

A) 5 units of Good X and 2 units of Good Y B) 3 units of Good X and 4 units of Good Y C) 2 units of Good X and 2 units of Good Y D) 6 units of Good X only

Economics

Which constitutes an obstacle to collusion among oligopolists?

A. A standardized product. B. Trademarks and copyrights. C. A large number of firms. D. Prosperous economic conditions.

Economics

Foreign exchange rates are

A. price at which purchases and sales of foreign goods take place. B. movement of goods and services from one country to another. C. the price of one currency in terms of a second currency. D. differences between exports and imports.

Economics

One reason why firms would choose a salary system rather than a commission compensation system is that their employees might become less concerned about the quality of their work

Indicate whether the statement is true or false

Economics