In the United States, the bulk of health care spending is paid by health insurance companies. Such a system is also called a ________ where consumers of health care pay a nominal fee and the rest is paid by the health insurance provider

A) socialized medicine system B) single-payer system
C) universal health care system D) third-party payer system


D

Economics

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A market which consists of many sellers and only one buyer is called a:

A. monopoly. B. monopolistic competitor. C. oligopoly. D. monopsony.

Economics

Which of the following is true if the price of coffee increases?

A. The demand for tea, a substitute good, will decrease. B. The demand for coffee will increase. C. The demand for tea, a substitute good, will increase. D. Both the demand for coffee and tea will increase.

Economics

Refer to the below table. The marginal product of the third unit of the resource is:



A. 3

B. 4

C. 5

D. 6

Economics

The Obama administration increased the tax on the top income tax bracket from 35% to 39%

Supply and demand analysis predicts the impact of this change was a ________ interest rate on municipal bonds and a ________ interest rate on Treasury bonds, all else the same. A) higher; lower B) lower; lower C) higher; higher D) lower; higher

Economics