Publicly provided health insurance for the poor will
A. lower the price of health care to the non-poor and increase the total amount of health care consumed.
B. increase the total amount of health care consumed.
C. raise the level of health care consumed by the non-poor.
D. lower the price of health care to the non-poor.
Answer: B
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The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 2011 was $100. The price of a Blu-ray player was $90 in 2012
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Nonrivalry is a feature of
A) goods but not services. B) all nonexcludable goods. C) excludable goods. D) public goods.
Industry A has four firms, each with a 25% market share while industry B has four firms, one firm with a 70% market share and the other three firms with 10% each. According to the Herfindahl-Hirschman Index, industry A is more highly concentrated
a. True b. False
Which criterion must be met to identify if an imported product is being dumped on the home country?
I. The foreign firm sells the product at a lower price in the home market. II. The foreign firm sells the product below average cost in the home market. III. The foreign firm raises the price in the home country. a. I b. II c. I or II d. I, II, and III