Medicare is an example of a third-party payment for medical services that
A) causes providers to supply less of medical services than they would without the payment.
B) causes buyers to consume more of medical services than they would without the payment.
C) does not cause any change in the equilibrium position for medical services which existed without the subsidy.
D) causes the price of medical services to rise for the consumer once the payment is provided.
B
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Over the past 50 years, the amount given in aid has __________ in dollar terms, ___________ in terms of aid as a share of GDP.
A. increased; but has steadily fallen B. increased; as well as increased C. decreased; but has increased D. decreased; and has steadily fallen
Expansionary fiscal policy in an open economy
a. leads to a balance of trade surplus. b. decreases America's capital account surplus and the current account deficit by the same amount. c. increases both America's capital account surplus and current account deficit by equal amounts. d. increases America's capital account surplus more than it increases the current account deficit.
Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: The value of the dollar plummeted in international currency markets, causing foreigners to buy more American goods. (See Figure 8.6.)
A. A. B. B. C. C. D. D.
Which of the following is a deficit item on the U.S. balance of payments accounts?
A. A Spaniard buys 100 shares of Alphabet stock. B. A U.S. firm sells a product to a Mexican firm. C. An Italian tourist in Miami purchases a beach ball. D. A U.S. resident buys a mobile device in China.