Why might a young, healthy person choose not to buy health insurance?
What will be an ideal response?
if you are healthy and rarely visit the doctor or buy prescription medicines, you are likely to pay more in premiums than you receive back in benefits.
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An increase in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate
A) increases; decreases B) decreases; decreases C) decreases; increases D) increases; increases
The health care system in ________ is referred to as socialized medicine, under which the government owns most of the hospitals and employs most of the doctors
A) Canada B) Japan C) the United Kingdom D) the United States
A procyclical variable ________
A) moves up during expansions and down during contractions B) moves up during contractions and down during expansions C) moves in the opposite direction of aggregate economic activity D) all of the above E) none of the above
The market demand for wheat is Q = 100 - 2p + 1 , where is the price of barley. The cross price elasticity of demand for wheat with respect to barley
A) cannot be calculated from just the information provided. B) is negative. C) suggests that wheat and barley are complements. D) equals 1.