According to the health care life cycle, in the absence of government or employer-sponsored health coverage, workers in middle age would
A. have fewer out-of-pocket medical expenses than when they were young.
B. stop paying for the catastrophic care insurance they purchased when they were young.
C. save an enormous amount of money to pay for health expenses in old age.
D. use the money that they saved when they were young to pay for routine medical expenses.
Answer: C
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A bank with $100 million in deposits has $15 million of cash in the bank, $10 million in deposits with the Fed, and $15 million in government securities in its vault. Its total reserves equal
A) $10 million. B) $15 million. C) $25 million. D) $40 million.
Briefly describe monetarism and the monetary growth rule
What will be an ideal response?
The 1991 Maastricht Treaty can be best described as
A) a peace treaty between Europe and the United States. B) an agreement for the accession of the Netherlands into the EU. C) an agreement for the creation of a free trade area. D) a provision for the introduction of a single European currency and European central bank. E) the beginning of a floating exchange rate European monetary system.
Different public goods can have different sized sharing groups, so efficiency would dictate _____
a. that only one national government is necessary b. that public goods be provided by the federal government and the states deal with externalities c. one world government for most pure public goods d. different public goods supplied at different levels of government