Single-payer systems typically apply all of the following practices except one. Which one?
a. Provide a uniform fee schedule for all services.
b. Establish global budgets setting caps on spending.
c. Create a mechanism to ease pressure on the system when shortages develop, i.e., a safety valve.
d. Require government ownership of the medical infrastructure of clinics and hospitals.
a. Provide a uniform fee schedule for all services
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The total value of all outstanding federal government securities is called
A) the budget deficit. B) crowding out. C) the public debt. D) the trade deficit.
With no international trade, the U.S. price of wheat is lower than the world price of wheat
This indicates that the United States ________ a comparative advantage in the production of wheat and with international trade, the United States will ________ wheat. A) has; export B) has; not trade C) has; import D) does not have; export E) might have; export
The fundamental reason firms outsource is that:
A. low-wage workers in other countries are more productive than are U.S. workers. B. U.S. workers cannot perform the tasks performed by workers in other countries. C. hiring low-wage workers overseas reduces firms' costs. D. outsourcing increases employment overseas.
If increasing the hourly wage rate from $10 to $15 causes a worker to work 50 hours rather than 40, the worker's elasticity of labor supply is equal to:
A. 1.8. B. 0.05. C. 0.50. D. 2.