If new legislation allowed patients to sue their health-maintenance organization (HMO), we would expect the supply curve for HMO-provided health care to shift to the left and the price of such coverage to rise
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True
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Adverse selection occurs when
A) a person takes more risks that are not known to the life insurance company because he has life insurance. B) a person buys life insurance because he has a risky lifestyle that is not known to the life insurance company. C) a person is a risk lover. D) pregnant women with health insurance make more doctor visits than uninsured pregnant women.
Political business cycles result:
a. from the economic fluctuations that occur when discretionary policy is manipulated for political gain. b. from the recessionary gap that occurs when output falls short of the economy's potential c. from the expansionary gap that occurs when output exceeds the economy's potential. d. when the spending multiplier is manipulated for political gain. e. from the economic fluctuations that occur when automatic stabilizers are manipulated for political gain.
The marginal revenue product of capital is
a. the increase in output that results from employing one more unit of capital b. the increase in profit that results from employing one more unit of capital c. the increase in revenue that results from employing one more unit of labor d. the increase in revenue that results from employing one more unit of capital e. the increase in profits that results from employing one less unit of labor
The purpose of the International Monetary Fund is to resolve trade related disputes
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