Social insurance
a. is the basis for most government redistribution programs.
b. is usually community-rated with premiums based on ability to pay.
c. is the basis of the provision of medical care to the poor, elderly, and other vulnerable population groups in the U.S.
d. requires mandatory participation to be effective.
e. all of the above.
E
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Understanding the impact of carbon taxes on the energy usage of individual households and firms is studied under:
A) microeconomics. B) macroeconomics. C) fiscal economics. D) financial economics.
Which of these is NOT a generally accepted means of reducing risk?
A) Diversification B) Insurance C) Obtaining more information D) none of the above
The ordering of market structures from most market power to least market power (where market power is the ability to set its own price) is:
a. monopoly, monopolistic competition, oligopoly, perfect competition. b. perfect competition, monopolistic competition, oligopoly, monopoly. c. oligopoly, monopoly, monopolistic competition, perfect competition. d. monopoly, oligopoly, monopolistic competition, perfect competition. e. monopoly, perfect competition, monopolistic competition, oligopoly.
One of the three Key Steps of economic analysis is
a. describing the conditions necessary for equilibrium and a method for determining that equilibrium b. determining who are the suppliers and a method for counting the number of suppliers c. determining who are the demanders and a method for counting the number of demanders d. pairing up each demander with a particular supplier e. pairing up each suppliers with a particular demander