The availability of health insurance tends to:
A. decrease the quantity of health care demanded and cause an underallocation of resources
to the health care industry.
B. increase the quantity of health care demanded and cause an underallocation of resources
to the health care industry.
C. increase the quantity of health care demanded and cause an overallocation of resources to
the health care industry.
D. decrease the quantity of health care demanded and cause an overallocation of resources
to the health care industry.
Answer: C
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In the Malthusian model, state-mandated population control policies are likely to
A) decrease the equilibrium size of the population and increase the equilibrium level of consumption per worker. B) decrease the equilibrium size of the population and have no effect on the equilibrium level of consumption per worker. C) have no effect on the equilibrium size of the population and increase the equilibrium level of consumption per worker. D) have no effect on either the equilibrium size of the population or the equilibrium level of consumption per worker.
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a. True b. False Indicate whether the statement is true or false
A four dollar tax on a gallon of gasoline would
A. lower gasoline consumption and lower air pollution. B. lower gasoline consumption and raise air pollution. C. raise gasoline consumption and raise air pollution. D. raise gasoline consumption and lower air pollution.