A problem with third-party financing of so much of health care is that
A) it reduces the quality of health care received by most people.
B) it discourages physicians from getting second opinions and running enough tests to be sure the right procedure is followed.
C) it causes the demand for medical services to increase, which causes health care costs to increase.
D) it discourages people from relying on the judgments of physicians in making decisions about health care.
C
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Refer to Scenario 14.1. Lisette's dominant strategy will give her a net benefit of
A) $45. B) $75. C) $120. D) $150.
By 2007, energy use per dollar of GDP was ____ percent of what it was in 1970
a. 95 b. 80 c. 75 d. 50
People are likely to respond to a policy change
a. only if they think the policy is a good one. b. only if the policy change changes the costs of their behavior. c. only if the policy change changes the benefits of their behavior. d. if the policy changes either the costs or benefits of their behavior.
When Marietta chooses to only purchase a combination of goods that lie within her budget line, she:
A. is decreasing utility. B. likely has negative savings. C. must reduce the quantity. D. is maximizing utility.