Refer to the below table. With insurance paying two-thirds the cost of health care, there would be a resulting allocative:
Use the table below to answer the question. The table shows the hypothetical demand and supply schedule for health care
A. Efficiency because at 500 units the marginal cost to society of $400 equals the marginal benefit of $400
B. Efficiency because at 700 units the marginal cost to society is $200 and the marginal benefit is $600
C. Inefficiency because at 700 units the marginal cost to society is $600 and the marginal benefit is $200
D. Inefficiency because at 700 units the marginal cost to society is $400 and the marginal benefit is $200
C. Inefficiency because at 700 units the marginal cost to society is $600 and the marginal benefit is $200
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Leakages are greater than injections when total planned expenditures exceed real GDP
a. True b. False Indicate whether the statement is true or false
The value of a General Motors' automobile produced in Spain is not included in our GNP
Indicate whether the statement is true or false
Even though government spending and net exports in Country A has increased, its GDP has decreased. Which of the following statements is most likely to be true of the given scenario? a. Consumption expenditure in Country A has significantly increased. b. Consumption expenditure in Country A has significantly decreased. c. Investment expenditure in Country A has significantly increased
d. The number of new firms in every industry has increased in Country A.
A utilitarian government has to balance the gains from greater income equality against the losses from distorted work incentives. To maximize total utility, therefore, the government
a. would never tax labor income. b. must always achieve a fully egalitarian society. c. enacts policies that only benefit the middle class. d. stops short of a fully egalitarian society.