One of the peculiarities of the U.S. market for health care is:
A. Third-party payments by insurance companies
B. Government-provided health insurance
C. Government tax credits and vouchers for consumers to pay for health care
D. Fee-for-service payments for all physician visits
A. Third-party payments by insurance companies
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The marginal benefit of the pollution abatement curve
A) has a zero slope. B) has a positive slope. C) slopes upward. D) slopes downward.
In 2012, more than 60% of the privately held national debt was held by
a. foreign investors. b. Federal Reserve banks. c. large corporations. d. government trust funds.
Assume that a perfectly competitive market is in long-run equilibrium. Suppose as a result of a health hazard associated with the industry's product, demand decreases drastically. What is the immediate result of this event?
A) The market price falls and the typical firm suffers an economic loss. B) The market supply increases to offset the fall in demand. C) The typical firm's average total cost curve shifts downward. D) The typical firm's marginal cost curve shifts to the left.
If consumers decide to be more frugal and save more out of their income, then this will cause
A) a shift in the supply curve for loanable funds to the right. B) a shift in the supply curve for loanable funds to the left. C) a movement to the right along the supply curve for loanable funds. D) a movement to the left along the supply curve for loanable funds.