The tendency for people who have good health insurance to take more risks with their health is called adverse selection.
Answer the following statement true (T) or false (F)
False
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The horizontal axis in a graph
A) measures time in a scatter diagram. B) measures the quality of a variable. C) is named the y-axis. D) is named the x-axis.
Profits will be maximized when the slope of the total revenue curve and the slope of the total cost curve equal zero.
Answer the following statement true (T) or false (F)
A change in the supply of labor will shift the long-run aggregate supply curve.
a. true b. false
Recall the Application about the effects of increasing state level Earned Income Tax Credit (EITC) on child health in the United States to answer the following question(s).Recall the Application. How does EITC affect government health expenditures?
A. EITC raises private insurance coverage, causing a corresponding decrease in public health insurance expenditures in Medicaid and Children's Health Insurance Program (CHIP). B. EITC has no effect on public health insurance expenditures in Medicaid and Children's Health Insurance Program (CHIP). C. EITC raises private insurance coverage and a similar increase in public health insurance expenditures in Medicaid and Children's Health Insurance Program (CHIP). D. EITC lowers private insurance coverage, causing a corresponding increase in public health insurance expenditures in Medicaid and Children's Health Insurance Program (CHIP).