Compared with the market clearing price of a health care service covered by Medicare, the Medicare program pays a ________ price to health care providers and charges a ________ price to consumers
A) lower, lower
B) lower, higher
C) higher, lower
D) higher, higher
Answer: C
Economics
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What will be an ideal response?
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For a monopsonist, the marginal factor cost is always:
a. equal to the wage rate. b. less than the wage rate. c. greater than the wage rate d. the same as the labor supply. e. the same as the labor demand.
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If a country had a real GDP of $500 million, and the GDP deflator was110, what is the nominal GDP?
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a. True b. False Indicate whether the statement is true or false
Economics