The health care system in Japan is referred to as ________, under which every resident of Japan is required to enroll in either a private, or the government-provided, health insurance program
A) an out-of-pocket system B) a single-payer health care system
C) a universal health insurance system D) socialized medicine
C
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Answer the following statement(s) true (T) or false (F)
1. If the legal incidence of a tax is entirely on suppliers, then the tax will have no economic effect on demanders. 2. An excise tax of 20 cents on gasoline shifts demand down by exactly 20 cents. 3. When a sales tax of 20¢ per soda is imposed on soda consumption, the supply curve for soda shifts down by precisely 20¢ per soda. 4. If a rise in supply and a rise in demand occur at the same time, then we know that the price must also rise. 5. If a fall in supply and a rise in demand occur at the same time, then we know that the price must also rise.
Members of the Board of Governors are
a. appointed by Congress. b. selected by the U.S. president. c. elected by member banks. d. selected by the U.S. Treasury Department.
In general, when people talk about investing, they mean that they:
A. hold stocks or bonds. B. have lent their money to someone who will use it to buy physical capital. C. have put money in the stock market. D. All of these statements are true.
Dissatisfaction with public school education has led many parents to try home schooling for their children. If parents reduce their work from a full-time to a part-time load in order to spend time teaching their children at home, how will this affect GDP?
A. GDP will stay the same. B. Real GDP will increase and nominal GDP will decrease. C. Both real and nominal GDP will increase. D. GDP will decrease.