A single payer system in the United States would
A. likely fail because no other nations have tried it.
B. increase availability of health care services to those who are currently uninsured.
C. necessitate a tax cut.
D. likely decrease the waiting time for certain procedures.
Answer: B
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By polling people, we can calculate the demand for public goods and have the market provide them. But we don't. Instead, we allow the government to pay for and provide those goods because it
a. knows better than individuals what public goods are desirable b. avoids "special interests" interference in the market c. can avoid all negative and positive externalities d. can tax people to finance the production of public goods and thereby prevent freeriders e. can prevent market failure
Which statement is true?
A. In 1911 the Supreme Court decided to break up the oil and tobacco trusts. B. The rule of reason today is partially in force. C. Until the ALCOA case, the Supreme Court generally held that bigness was all right as long as the company wasn't bad. D. All of the statements are true.
If there is persistent inflation
A. long-run aggregate supply is constant. B. long-run aggregate supply is growing at a slower rate than aggregate demand. C. long-run aggregate supply is growing at a faster rate than aggregate demand. D. there is an excess of total planned expenditures.
Nominal gross private domestic investment was $1888.0 billion in 2008 and rose to $2057.4 billion in 2009. The chain-weight price index for gross private domestic investment was 106.6 for 2008 and 110.3 for 2009, where 2005 was the base year. Calculate the percent change in real gross private domestic investment (rounded to the nearest percentage point) from 2008 to 2009.
A. 3% B. 4% C. 5% D. 1%