The economic problem with Medicare financing is that
A) there is a built-in incentive to provide fewer services by doctors.
B) there is a built-in incentive to travel to Canada to receive medical services.
C) the cost of providing services is falling annually.
D) there is a built-in incentive to consume more services.
D
You might also like to view...
Which of the following is not a problem with poorly defined property rights?
a. Insufficient incentive exists to produce resources that cannot be protected. b. Resources will tend to be underutilized. c. Individuals may be able to use resources without paying for them. d. Little incentive to conserve on the use of poorly defined resources.
A consumer's total transportation cost includes all of the following except which one?
A) the value of the consumer's time spent in the store B) the cost of a bus ticket to get to the store C) the value of the consumer's time getting to and from the store D) the value of the time the consumer's spends reading advertisements from the store
A firm is currently producing 100 units of output per day. The manager reports to the owner that producing the 100th unit costs the firm $5 . The firm can sell the 100th unit for $5 . The firm should continue to produce 100 units in order to maximize its profits (or minimize its losses)
a. True b. False Indicate whether the statement is true or false
An increase in the budget deficit would cause a
a. shortage of loanable funds at the original interest rate, which would lead to falling interest rates. b. surplus of loanable funds at the original interest rate, which would lead to rising interest rates. c. shortage of loanable funds at the original interest rate, which would lead to rising interest rates. d. surplus of loanable funds at the original interest rate, which would lead to falling interest rates.