Even limited deregulation can spur business growth and reduce poverty
Indicate whether the statement is true or false
T
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The health care system in the United Kingdom is referred to as ________, under which the government owns most of the hospitals and employs most of the doctors
A) an out-of-pocket system B) a single-payer health care system C) a universal health insurance system D) socialized medicine
Because the seller of a used car has more information than the buyer:
A. the problem of moral hazard occurs. B. the problem of information overload occurs. C. the problem of adverse selection occurs. D. the problem of bargaining imbalance occurs.
If there is a sole producer of a good, and he faces no threat of competition, it is likely that:
A. government intervention will have no impact on the market. B. government intervention will raise prices to consumers. C. government intervention will increase total surplus. D. government intervention will make things better for buyers and sellers.
Figure 17-8
Refer to . If this country allows free trade in wagons,
a.
consumers will gain more than producers will lose.
b.
producers will gain more than consumers will lose.
c.
producers and consumers will both gain equally.
d.
producers and consumers will both lose equally.