One lesson that American policy makers can learn from the health care systems of other countries is:
a. that private insurance cannot complement government insurance.
b. that a government-run system ensures equal access across socio-economic groups.
c. the importance of having a safety valve.
d. that the mix between general practitioners and specialists is of little importance.
e. that people must be willing to accept long waiting lists for expensive services.
c. the importance of having a safety valve.
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If the unemployment rate is 6 percent, that means that 6 percent of
a. the population is not working b. potential workers do not have jobs c. the workforce is searching for work but has not found a job at that time d. the individuals who are looking for work cannot find jobs e. the population is not looking for a job
A sharp movement in exchange rates can most likely lead to dramatic changes in profits and losses for which of the following?
a. an international travel agency b. a provider of domestic services c. a local bank d. a microbrewery
Which of the following is determined by dividing the firm's total costs by the quantity of its output?
a. Implicit cost b. Fixed cost c. Variable cost d. Average cost
Figure 17-13
In , if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, which area represents the amount of tariff revenue the United States government collects?
a.
a
b.
b
c.
c
d.
f
e.
e