Singapore's health care system is identified by critics of the PPACA as one good alternative system to study and emulate. Singapore has the following characteristics, except:
A. Singapore has among the world's lowest infant mortality rates
B. Singapore spends about the same on health care per person as the U.S., but it ranks among the top in every health-quality category monitored by the World Health Organization unlike the U.S.
C. Singapore has among the world's highest life expectancies
D. Singapore spends less than 4% of its GDP on health care
B. Singapore spends about the same on health care per person as the U.S., but it ranks among the top in every health-quality category monitored by the World Health Organization unlike the U.S.
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When Social Security first began, the required contribution levels were _____
a. 2 percent of a worker's pay for all income earned b. 2 percent of a worker's pay for the first $3,000 of income earned c. 1 percent of a worker's pay for the first $3,000 of income earned d. 1 percent of a worker's pay for all income earned
Who benefits primarily from rent controls?
A) construction workers B) poor people looking for low-income housing C) all who want to rent D) only renters who are able to get units at below-market rates
The law of increasing costs holds that the opportunity cost:
a. of a good decreases as the quantity of the good produced increases. b. of a good is proportional to the resources used in its production. c. of a good increases as more of the good is produced. d. of a good does not change with the resources used its production. e. changes as more of the good is produced.
The money supply contracts when the Fed: a. replaces worn and ripped Federal Reserve notes. b. sells government securities
c. borrows from the U.S. Treasury. d. purchases equities in major U.S. corporations.