Medicare Advantage (Part C) plans:
a. are much like traditional Medicare and do not offer maximum out-of-pocket limits.
b. do not receive any federal support because private insurance companies sell them.
c. are offered by private insurance companies and provide hospital, physician, outpatient, and prescription drug coverage for a single premium.
d. are not very popular among seniors because they often require additional premiums.
e. never include dental, vision, and hearing coverage as part of their covered services.
c. are offered by private insurance companies and provide hospital, physician, outpatient, and prescription drug coverage for a single premium.
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Use the following graph to answer the next question.
If AD1 shifts to AD2, with no change in the price level, there will be an increase in Real GDP from ________.
A. Q1 to Q2 B. Q2 to more than Q3 C. Q2 to Q3 D. Q1 to Q3
A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue
a. True b. False Indicate whether the statement is true or false
If the cross-elasticity of goods X and Y is positive, then the sales of X move:
A. in the opposite direction as the price of Y, and X and Y are substitute goods. B. in the opposite direction as the price of Y, and X and Y are complementary goods. C. in the same direction as the price of Y, and X and Y are substitute goods. D. in the same direction as the price of Y, and X and Y are complementary goods.
Lobbying can shape regulations through:
A. collusion. B. objective cost benefit analysis. C. forced action. D. rent-seeking behavior.