One problem with third-party financing of health care is that

A. demand falls so that suppliers cannot take advantage of economies of scale.
B. people have more incentive to utilize health care.
C. it reduces the quality of health care people receive.
D. it discourages people from relying on their physicians' advice in making health care decisions.


Answer: B

Economics

You might also like to view...

With adaptive expectations, the expected inflation rate for the current year ________ the actual inflation rate for the previous year

A) is greater than B) is less than C) is equal to D) is unrelated to

Economics

The circular flow model shows what households buy and sell in the resource market

Indicate whether the statement is true or false

Economics

The main process by which a recessionary gap is eliminated is a(n)

a. increase in wages that shifts the aggregate supply curve inward. b. drop in wages that shifts the aggregate demand curve inward. c. increase in wages that shifts the aggregate demand curve outward. d. drop in wages that shifts the aggregate supply curve outward.

Economics

"As you devote more hours to studying, your GPA increases." A graph of this relationship would show

A) a positive relationship. B) a direct relationship. C) an inverse relationship. D) Both answers A and B are correct.

Economics