Medicare
A. subsidizes the care of middle aged people, which gives them an incentive to consume more medical services.
B. subsidizes the care of older people, which gives them an incentive to consume more medical services.
C. subsidizes the care of older people, which gives them NO incentive to consume more medical services.
D. subsidizes the care of young people, which gives them an incentive to consume less medical services.
Answer: B
You might also like to view...
Classify each of the following goods on the basis of the characteristics of excludability and rivalry in consumption giving appropriate reasons: a) A lighthouse b) A pair of shoes c) A paid Web site d) A congested non-toll road
What will be an ideal response?
Explain how an increase in American interest rates will lead to an appreciation of the U.S. dollar vis-à-vis the British pound
Explain the relationship between ?TC/?q and ?VC/?q.
What will be an ideal response?
Economists would consider a firm with ______ to be making a normal profit.
a. a zero economic profit b. a zero accounting profit c. an economic profit that exceeds its accounting profit d. equal accounting and economic profits