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
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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
A market which consists of many sellers and only one buyer is called a:
A. monopoly. B. monopolistic competitor. C. oligopoly. D. monopsony.
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.
Refer to the below table. The marginal product of the third unit of the resource is:
A. 3
B. 4
C. 5
D. 6