What are the main sources of health insurance in the United States?
What will be an ideal response?
The percentage of Americans covered by various types of health insurance are as follows:
Employer provided insurance: 64%.
Medicaid, VA, and Medicare: 36%.
Individual private insurance: 10%.
[Uninsured: 16%.]
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"Opportunity cost" is
A) the monetary cost of one's actions. B) the objective cost of one's actions. C) the regret one feels when making a sacrifice. D) the value one places on the item, project, or plan he has chosen to pursue. E) none of the above.
The more time people have to adjust to a price change:
A. will not affect the elasticity of their response unless it is a luxury good. B. the less elastic their demand will be. C. the more elastic their demand will be. D. will not affect the elasticity of their response unless the good is a necessity.
As general business conditions improve, all other factors constant the:
A. bond supply curve shifts left. B. yield on bonds will increase. C. price of bonds will increase. D. bond demand curve shifts right.
When an athletic shoe company is producing a level of output at which price is greater than MC, from society's standpoint the company is producing too
A. Little because society would be willing to give up more alternative goods in order to get additional shoes. B. Little because society is giving up more to produce additional shoes than the shoes are worth. C. Much because society is giving up more to produce additional shoes than the shoes are worth. D. Much because society would be willing to give up more alternative goods in order to get additional shoes.