The general trend in health care policy during the twentieth century has been _____
a. towards preventing the spread of communicable diseases
b. towards ensuring that pharmaceuticals and physicians are well-regulated
c. focused on general health care expenditures
d. focused on general public health issues
c
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A progressive tax:
A. takes the same percentage of taxes from income from all taxpayers. B. requires those with low incomes to pay a smaller percentage of their income than high-income people. C. is levied so that low-income taxpayers pay a greater proportion of their income toward taxes than high-income taxpayers. D. taxes everyone the same amount, regardless of their income.
Which of the following is a public good?
a. railroads b. genetic diversity c. a space station d. military aircraft e. commercial aircraft
Which of the following best explains why a $10 billion increase in transfer payments has a smaller impact on aggregate demand than a $10 billion increase in government purchases?
A) An increase in government purchases can be paid for with a bond issue while transfer payments must be funded by taxes. B) An increase in transfer payments can be paid for by borrowing, but an increase in government purchases must ultimately be funded by tax increases. C) Households save part of an increase in income while the entire increase in government purchases represents additional spending. D) An increase in transfer payments does not create a multiplier effect, but an increase in government purchases does.
Monopolistic competition is characterized by
A. a large number of sellers with similar products. B. a limited number of sellers with a variety of products. C. one seller with a variety of products. D. one seller with a standardized product.