To better control overall Medicaid spending, most states:
a. set strict limits on the number of primary care physicians that can accept Medicaid patients.
b. charge participants modest copays on physicians' services.
c. require eligible enrollees to participate in wellness education programs such as smoking secession and nutrition classes.
d. establish strict rules against using the emergency room in non-emergency situations.
e. enroll all eligible recipients in managed care plans
e. enroll all eligible recipients in managed care plans
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Which of the following transactions represents the purchase of a final good or service?
A) General Motors purchases tires from Goodyear to install on its new Chevy Suburbans. B) Aunt Matilda buys a new convection oven for her condo in Boca Raton. C) Dunkin' Donuts purchases coffee beans. D) Tiffany's buys platinum wire to use in the production of its necklaces.
In the above figure, to achieve efficiency, the government should
A) impose a tax of $2 per unit. B) impose a tax of $3 per unit. C) offer a subsidy of $2 per unit. D) offer a subsidy of $3 per unit.
Excess demand of a product exerts __________pressure on prices
a. Zero b. No c. Upward d. Downward
As the real wage increases, the opportunity cost of working outside the home increases
a. True b. False