The "donut hole" in Medicare Part D coverage refers to the fact that
A. coverage begins with the first dollar of prescription drug spending, then drops to zero after a particular level of spending, and then increases again.
B. coverage ends for those who spend a great deal on prescription drugs.
C. coverage begins only after individuals pay a significant portion of their prescription drug costs.
D. police are covered more generously than firefighters.
Answer: A
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U.S. Treasury securities
A) are considered risk free because their prices never change. B) have been defaulted on several time in U.S. history. C) are considered default-risk-free instruments. D) have a large default risk premium.
Spending on education is likely to raise output per person by ________
A) increasing the productiveness of R&D B) by increasing the population C) increasing the fraction of the population engaged in productive activities D) increasing the saving rate
De Beers has a monopoly in the market for diamonds because they own a significant portion of the known diamond mines. One important source of challenge to De Beers' control of the diamond market is
a. the additional market supply from Russia, Australia, and Canada b. the emerging auction markets for diamonds in France and Spain c. the growing demand for diamonds in industrial uses d. that its South African mines are not producing as many diamonds as they did decades ago e. antitrust legislation in the United States
Which of the following assumptions is true of government spending and taxes?
What will be an ideal response?