Refer to the figure that shows the market for U.S. health care. Other things equal, which of the following would shift the demand curve for medical care from D 2 to D 1 ?
A. An aging population.
B. Loss of medical insurance benefits by part-time workers and early retirees.
C. Expansion of the Medicaid program.
D. Higher medical malpractice premiums.
B. Loss of medical insurance benefits by part-time workers and early retirees.
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The quantity equation becomes the basis for a theory when we assume that velocity of money is constant
Indicate whether the statement is true or false
Adverse selection is due to
A) hidden characteristics. B) hidden actions. C) symmetric information. D) moral hazard.
Structural unemployment will decline if:
a. more seasonal work becomes available. b. the government increases taxes to support more welfare programs. c. consumer spending on new technology decreases. d. computerized job-search systems are improved. e. retrained workers can move to areas where new jobs are available.
Which of these countries' growth rates of real GDP per person have exceeded the United States' growth rate of real GDP per person over the last century?
a. Canada and China b. China and India c. Germany and India d. Germany and Pakistan