One of the most serious weaknesses in the Medicare system is that
a. patients are not able to choose their own physicians.
b. the definition of an episode of illness is too restrictive.
c. it provides poor insurance coverage for unusually long hospital stays.
d. patients must pay a deductible every time they enter the hospital.
e. Part B is voluntary.
C
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Which of the following is not typically true of Employment Protection Legislation (EPL)?
a) countries with strong EPL have low unemployment rates b) EPL reduces part-time work and labor force participation rates c) EPL reduces the layoff rate d) EPL reduces the duration of unemployment e) EPL benefits the employed at the expense of the unemployed
Among arguments for and against advertising, both sides agree that advertising leads to
a. higher prices and less competitive markets. b. higher prices and more competitive markets. c. lower prices and more competitive markets. d. None of the above is correct. The debate fails to resolve the question of advertising's effect on prices and competition.
If personal income exceeds national income in a particular year, we can conclude that:
a) transfer payments exceeded the sum of Social Security contributions, corporate income taxes, and taxes on production and imports. b) the sum of Social Security contributions, corporate income taxes, and undistributed corporate profits exceeded transfer payments. c) consumption of fixed capital and taxes on production and imports exceeded personal taxes. d) transfer payments exceeded the sum of Social Security contributions, corporate income taxes, and undistributed corporate profits.
The components of GDP are:
a. Consumption, government spending, net exports, and investment. b. Consumption, exports, imports, and disposable income. c. Exports, imports, investment, and disposable income. d. Consumption, inventory, government spending, and disposable income.