The new federal government's national health care program imposes the following regulations on health care insurers EXCEPT
A) health insurers must cover all who apply, including people who already have health problems.
B) all new plans must cover certain preventive services such as mammograms and colonoscopies but must be paid 100% by patients.
C) a ceiling is imposed on the rate of increase in health insurance prices charged to elderly people.
D) insurance companies will be prohibited from imposing lifetime dollar limits on essential benefits, like hospital stays.
B
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Assume a firm has decided to undertake a limit pricing strategy. For the strategy to be successful, the firm does not need to actually possess a cost advantage over potential entrants
Rather, the firm simply has to be able to convince potential entrants that it does, in fact, possess an advantage. Indicate whether the statement is true or false
If the marginal propensity to consume is 0.9, the government purchases by $100, and net exports decline by $60, the equilibrium level of real gross domestic product will
A) decrease by up to $400 B) increase by up to $400 C) increase by up to $600 D) decrease by up to $1,000 E) increase by up to $1,600
In a fractional reserve banking system:
A. the Federal Reserve has no control over the amount of money in circulation. B. the monetary system must be backed by gold. C. banks can create money through the lending process. D. bank panics cannot occur.
In 2004, approximately what percent of household income was transferred from the top two quintiles to the lowest three quintiles?
A. Zero. B. 10. C. 15. D. 22.