Which of the following would encourage consumers to economize on health-care expenditures and producers to supply health-care services more efficiently?
a. an increase in out-of-pocket expenditures by health-care consumers
b. decreased reliance on personal Medical Savings Accounts and health-care expenditures from the accounts
c. decreased reliance on the purchase of catastrophic health insurance coverage and less reliance on insurance with first-dollar coverage and small co-payments
d. the establishment of a national health-care system that would provide coverage to all people
A
You might also like to view...
Let D = demand, S = supply, P = equilibrium price, Q = equilibrium quantity. What happens in the market for solar panels if the government offers tax breaks to encourage manufacturers to produce more solar panels?
A) S increases, D no change, P decreases, Q increases. B) D increases, S no change, P and Q increase. C) D and S increase, P and Q decrease. D) D no change, S increases, P decreases, Q decreases.
Say Anna chooses between partying and studying. Supposed her indifference curves satisfied all the assumptions about consumer theory, but she also liked studying a lot more than partying. If the price of studying increased, then Anna would consume
A. no partying at all, in order to consumer more studying. B. less studying and more partying. C. the same as before. D. more studying and less partying.
Money is not an economic resource because:
A. money, as such, does not produce anything. B. idle money balances do not earn interest income. C. it is not scarce. D. money is not a free gift of nature.
Graphically illustrate (using the WS and PS relations) and explain the effects of a reduction in the markup on the equilibrium real wage, the natural rate of unemployment, the natural level of employment, and the natural level of output
What will be an ideal response?