Possibly, the most serious flaw in the Medicare system is the fact that
a. the deductible is too high for most elders to afford.
b. it provides no real protection against catastrophic losses resulting from unusually long hospital stays.
c. the definition of an episode of illness can lead to patients paying the deductible more than once during the calendar year.
d. coverage for outpatient drugs is poor.
e. elders are required to pay monthly premiums to participate in Part B.
B
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The primary liabilities of a commercial bank are
A) bonds. B) mortgages. C) deposits. D) commercial paper.
In the Keynesian model, equilibrium occurs when aggregate output equals aggregate expenditures
a. True b. False Indicate whether the statement is true or false
Other things the same, if the real interest rate in a country falls, domestic residents will desire to purchase
a. more capital goods and more foreign bonds. b. more capital goods but fewer foreign bonds. c. more foreign bonds but fewer capital goods. d. fewer capital goods and fewer foreign bonds.
In economic analysis marginal analysis is used to:
a. make an either-or decision. b. determine which costs are sunk costs. c. decide how much of something is the optimal amount. d. convince others that the costs of a certain activity do not matter