Early in U.S. history health insurance was provided to cover
a. income loss due disability or disease.
b. hospital expenses.
c. routine physicians' services.
d. the catastrophic cost of medical care including hospitalization and physicians' services.
e. medical costs due to specific diseases such as tuberculosis and alcoholism.
A
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The income-expenditure identity for a closed economy is:
A. Y = C + I + G. B. Im ? Ex = C + I. C. Y = C + I + G + NX. D. Y + G = C + I ? NX.
When other nations Orient "dump" products on the U.S. market, they
a. sell at prices that do not cover costs of production. b. sell at prices lower than prices charged to their own domestic customers. c. expect the United States to help pay any industrialists' losses. d. All of the above are true.
If the government imposes a sales tax on a good with a relatively more inelastic demand, the _____
a. tax revenue collected by the government will be large b. tax revenue collected by the government will be small c. deadweight loss from the tax will be large d. tax burden on producers will be large