Some policy makers have suggested that mandatory health insurance coverage would:
A. help to reduce the cost of health care.
B. overcome adverse selection in the market for health insurance.
C. keep premiums lower than if healthy people could opt out.
D. All of these statements are true.
D. All of these statements are true.
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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in demand are represented by a movement from
A) point c to point a. B) point d to point a. C) point d to point b. D) point b to point c.
If a price floor is removed, which of the following would be a result?
A. The elimination of surpluses B. Problems with the disposal of goods C. Disguised discounts to sell additional goods are offered by sellers D. Overinvestment in the industry
In some states, it is against the law to sell alcohol on Sundays. This law was created to honor the Christian religious belief that Sunday is a special day of rest. This is an example of culture impacting the __________ of goods.
A. production B. distribution C. pricing D. packaging
Under which conditions might diseconomies of scale result?
A. improved coordination brought about by bureaucracy B. decreasing costs of inputs C. increasing output prices D. increased bureaucracy