When Medicare was created, costs were to be shared between government and the insured
A. equally, on a 50-50 basis.
B. with government paying 75% of the cost.
C. with government paying 25% of the cost.
D. with government paying 100% of the cost.
Answer: A
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Which of the following is not included in the sum of national income?
A. Interest B. Rent C. Depreciation or consumption of fixed capital D. Profits and losses
In-kind transfers include housing subsidies and food stamps.
Answer the following statement true (T) or false (F)
Which of the following statements about the price elasticity of demand along a downward-sloping linear demand curve is true?
A) It is inelastic at high prices and elastic at low prices. B) It is unit elastic throughout the demand curve. C) It is elastic at the highest prices and inelastic at the lowest prices. D) It is perfectly elastic at very high prices and perfectly inelastic at very low prices.
In the United States in 2015, the highest unemployment rate was for ________ and the lowest was for ________.
A. African-American women; white men B. African American men; white men C. African American teenagers; white women D. white teenagers; white men