During the last four decades, the share of health-care expenditures paid for by third parties (either the government or insurance companies)
a. has remained relatively constant.
b. fell from approximately 60 percent in 1960 to 30 percent in 2007.
c. increased from approximately 45 percent in 1960 to over 85 percent in 2007.
d. declined during the 15 years following the passage of Medicare but has been increasing since 1980.
C
You might also like to view...
A regressive tax is a tax for which people with lower incomes
A) pay the same percentage of their incomes in tax as do people with higher incomes. B) do not have to pay unless their incomes exceeds a certain amount. C) pay a lower percentage of their incomes in tax than do people with higher incomes. D) pay a higher percentage of their incomes in tax than do people with higher incomes.
After watching a movie, Alan chooses not to watch a second and goes for a walk instead. Economists could explain his choices using the concept of:
A. budget constraints. B. substitution effect. C. income effect. D. diminishing marginal utility.
The public debt is held as:
A. U.S. securities, corporate bonds, and common stock. B. Federal Reserve Notes. C. U.S. gold certificates. D. Treasury bills, Treasury notes, Treasury bonds, and U.S. savings bonds.
Using the data in the table above, when the price of a skirt rises from $20 to $35, what is the price elasticity of demand? (Use the midpoint method.)
A) 0.33 B) 0.25 C) 1.00 D) 1.33 E) 3.00