Of the following countries which are recognized as socialist systems?
A. Sweden.
B. Greece
C. Canada.
D. All of these countries have socialist systems.
D. All of these countries have socialist systems.
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The defining characteristic of an HMO is:
A. that medical treatment is provided for a fixed annual fee. B. the emphasis on acute medical treatment. C. that medical treatment is provided on a fee-for-service basis. D. that patients have the freedom to see nonmember physicians.
When the consumption of a good generates an external benefit:
a. the private benefit consumers receive from the good will be higher than the true social benefit. b. too much of the good will tend to be produced from the viewpoint of economic efficiency. c. the community generally suffers an exactly offsetting external cost from the production of the good. d. the market demand curve will understate the total benefits derived from consumption of the good, and as a result, too little of it will be produced and consumed.
"Plowback" is that portion of corporate profits used to
a. invest in future activities of the corporation. b. advertise the company's product. c. buy back bonds (reduce debt). d. pay owners for the use of their capital.
Which of the following is not true for social insurance?
a. It is usually supported by taxes, usually income tax or payroll tax. b. It serves the basis for most redistribution programs. c. It requires mandatory participation to be effective. d. It is the basis of the provision of medical care to the poor, elderly, and other vulnerable population groups in the U.S. e. It is usually experience-rated with premiums based on ability to pay.