Which of the following statements about health insurance is true?
A. Medicare is a government program set up to cover the medical expenses of low-income families and individuals with disabilities.
B. Medicaid is a government program set up to cover the medical expenses of older citizens.
C. For employer-provided health insurance plans, the employee generally pays the bulk of the costs, while the employer covers 10 or 20 percent of the overall insurance expenses.
D. Low-income workers are less likely than high-income workers to be covered by an employer health plan.
Answer: D
You might also like to view...
Determining the optimal choice of input combinations generally does not involve
A. substitution of one input for another. B. fixing the level of technology in the long run. C. minimizing cost, given the prices of inputs. D. assessing the productivity of various inputs.
If a company offers a discounted price to college students, the legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 2 B) 3 C) 7 D) 8
Suppose the elasticity of labor demand is less than 1 in absolute value. Imposing a minimum wage above the equilibrium wage will:
A. result in full employment. B. make few workers better off. C. increase the earnings of every worker. D. increase the earnings of workers as a group.
The law of one price means that prices eventually will be the same in all countries and eventually countries will not have a reason to trade.
Answer the following statement true (T) or false (F)