Which of the following statements about health care is true?
a. The demand for health care is inversely related to price
b. The demand for health care is positively related to price.
c. Healthcare is an inferior good.
d. Health care and health insurance is only provided by the government in the U.S.
e. The supply of health care is inversely related to price.
a
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The interest rate is 5 percent. How does $500 to be received a year from today compare in value to $500 right now?
What will be an ideal response?
The aggregate expenditure line shows total planned spending at each _____
a. consumption level b. investment level c. income level, holding the price level constant d. price level, holding the level of income constant e. interest rate, holding the price level constant
Insurers reduce the problem of moral hazard by limiting coverage of open-ended treatments like psychotherapy or fully elective treatments like some cosmetic surgeries
Indicate whether the statement is true or false
Diversification cannot reduce market risk
a. True b. False Indicate whether the statement is true or false