If you have a policy with 20 percent co-insurance, your insurer will pay ___ percent of your bill, leaving ___ percent for you.
A. 80; 20
B. 70; 30
C. 75; 25
D. None of the above is correct.
Answer: A
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According to Figure 6.1, the period from 1996 to 2011 is particularly remarkable for the rapid growth of ________
A) productivity B) labor input C) output D) capital input
Assume that supply increases slightly and demand increases greatly. Which of the following will happen?
a. equilibrium price will fall and equilibrium quantity will rise b. equilibrium price will rise and equilibrium quantity will fall c. equilibrium price will rise and equilibrium quantity will rise d. equilibrium price will fall and equilibrium quantity will fall e. neither equilibrium price nor equilibrium quantity will change
According to classical macroeconomic theory, changes in the money supply affect
a. unemployment and the price level. b. unemployment but not the price level. c. the price level, but not unemployment. d. neither the price level nor unemployment.
Refer to the diagram. Assume that nominal wages initially are set on the basis of the price level P 2 and that the economy initially is operating at its full-employment level of output Q f . In terms of this diagram, the long-run aggregate supply curve:
A. is AS 2 .
B. is a vertical line extending from Q f upward through e, b, and d.
C. may be either AS 1 , AS 2 , or AS 3 depending on whether the price level is P 1 , P 2 , or P 3 .
D. is a horizontal line extending from P 2 rightward through f, b, and g.