Medicare's costs have
A. risen, but only with inflation.
B. risen on a per capita basis, even accounting for inflation.
C. risen, but at a rate less than inflation.
D. actually fallen on a per capita basis.
Answer: B
You might also like to view...
Refer to Horizontal Merger. The result of the merger is
a. a decrease in marginal costs. b. an increase in the quantity supplied. c. a decrease in the price. d. an increase in consumer surplus.
Suppose that medical researchers discover a new drug which slows the aging process allowing the average life span in the United States to increase to 95 years of age. The lifecycle hypothesis suggests that
A) consumption spending would increase since lifetime income increases. B) consumption spending would increase since estimates of permanent income would increase. C) consumption spending would decrease since savings would rise to provide income for the longer retirement periods. D) None of the above is correct since predicted future annual incomes may not change.
Assume that oranges and peaches can both be grown on the same type of land, a decrease in the price of peaches, other things being equal, will cause a(n):
A. upward movement along the supply curve for oranges. B. downward movement along the supply curve for oranges. C. rightward shift of the supply curve for oranges. D. leftward shift of the supply curve for oranges.
A good may be inferior at some income levels and normal at others
Indicate whether the statement is true or false