Refer to the demand and supply diagram that relates to the health care market. If suppliers provide whatever quantity of health care is demanded, health care insurance causes:
A. resources to be underallocated to the health care industry.
B. resources to be overallocated to the health care industry.
C. health care to be underconsumed.
D. the price of health care to the insured to be higher than the market price.
B. resources to be overallocated to the health care industry.
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Which of the following is an example of discretionary fiscal policy?
A) a decrease in income tax receipts with falling income during a recession B) tax cuts passed by Congress in 2008 to combat the recession C) a decrease in food stamps issued during an expansion D) an increase in unemployment insurance payments during a recession
Eurocurrency activities take place only in Europe
Indicate whether the statement is true or false
Peter's Pizzeria sells both pizzas and wings. It wants to increase the sales of its pizzas. Assuming that the pizza and the wings are complements, which of these strategies can it employ?
a. Increase the price of the wings b. Decrease the price of the wings c. Increase the quality of the pizza d. Both B & C
Approximately what percentage of total health care spending goes toward physicians' services?
a. One-fourth b. One-fifth c. One-half d. One-tenth e. One-third