Fee-for-service insurance
A. has fewer meddlesome bureaucrats than an HMO.
B. is typically more expensive than an HMO covering the same illnesses.
C. allows patients to pick their own doctor.
D. all of the options are correct.
Answer: D
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Factors that led to worsening financial market conditions in East Asia in 1997-1998 include
A) weak supervision by bank regulators. B) a rise in interest rates abroad. C) unanticipated increases in the price level. D) increased uncertainty from political shocks.
According to Gordon, the main losers due to the redistributive effect of the postwar inflation in the United States were
A) households. B) corporations. C) government. D) foreigners.
Dynamic tax analysis is based on the recognition that as tax rates are increased
A) tax revenue collections will eventually decline. B) tax revenue collections will continually increase. C) tax revenue collections will change at the same rate as the tax rates. D) tax revenue collections will increase at a faster rate than the tax rate change.
A form of economic organization that relies primarily on private ownership of productive assets, freedom of exchange, and market prices to allocate goods and resources is often called
a. national socialism. b. the welfare state. c. a corporate economy. d. capitalism.