Altering the marginal cost of preventive screening by reducing the out-of-pocket cost to zero:

a. will result in everyone with this coverage taking advantage of the free care and receiving the screenings.
b. has little effect on the consumption of medical services.
c. is a wise use of resources and results in more efficient screening outcomes.
d. results in over-investment on screening technology. Using the funds elsewhere could have improved overall welfare.


d. results in over-investment on screening technology. Using the funds elsewhere could have improved overall welfare

Economics

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In a competitive market with large search costs, many firms, and asymmetric information, why is the monopoly price the only possible single-price equilibrium?

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Economics

One way for firms to analyze their choices in an oligopoly is by using:

A. cost minimization theory. B. marginal revenue maximization strategy. C. game theory. D. None of these is an effective method for oligopolists.

Economics

In a wedge the equilibrium quantity is where ...

What will be an ideal response?

Economics

Which of the following is a definition of Tobin’s q?

a) the growth rate of the quantity of money b) a firm’s optimal capital stock divided by its actual capital stock c) the ratio of a firm’s stock market valuation to the value of its physical assets d) the ratio: gross investment/net investment e) the rate at which physical capital depreciates, plus the interest rate

Economics