Economically speaking, the design of Medicare

A) encourages the consumption of medical services.
B) discourages the consumption of medical services.
C) helps to decrease the cost of care to non-Medicare patients.
D) discourages the provision of medical services.


Answer: A

Economics

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If a product's price increases, then its:

a. MP will increase. b. MFC will increase. c. MRP will increase. d. MP will decrease.

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How is the dividing line between poverty and nonpoverty measured? Does this method overstate the degree of poverty?

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If banks' desired reserve ratio increases from 0.10 to 0.15, the public still desires to hold the same amount of currency, the money supply will:

A. not change. B. either increase or decrease. C. decrease. D. increase.

Economics