The twin economic problems of the U.S. health care industry are the
A) rising health care costs and the declining quality of health care services.
B) rising health care costs and the rising malpractice insurance costs.
C) rising health care costs and the moral hazard problem in health care services.
D) declining rate of immunization rates and the rising malpractice insurance costs.
C
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Technological advancements that increase labor's productivity shift the labor supply curve to the right
Indicate whether the statement is true or false
Disinflation means a decrease in:
a. the rate of inflation. b. the general level of prices in the economy. c. the prices of all products in the economy. d. the circular flow.
The goal of all regulation is the creation of perfectly competitive markets
a. True b. False Indicate whether the statement is true or false
With voluntary exchange,
a. both the buyer and seller will be made better off. b. the buyer will be made better off, while the seller will be made worse off. c. the seller will be made better off, while the buyer will be made worse off. d. both the buyer and the seller will be made worse off.