In a third-party payer system:
A. total expenditures generally rise.
B. quantity demanded generally falls.
C. quantity supplied generally falls.
D. total expenditures generally fall.
Answer: A
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A legal claim to a part of a corporation's future profits is called
A) a bond. B) a share of stock. C) a dividend. D) a financial debt.
With respect to a PPF for goods X and Y, productive efficiency implies that in order to produce more of good X there will be a reduction in production of good Y
Indicate whether the statement is true or false
An advantage of automatic stabilizers is that this type of fiscal policy
A. requires precise knowledge of full-employment real GDP. B. can be influenced by special interest groups when their concerns are valid. C. is not subject to lag time problems. D. accelerates the direction in which the economy is moving at the time.
Markets without externalities create pollution
Indicate whether the statement is true or false