Rising health care spending is a problem confronting the federal government because
A) it is the government's job to make sure everyone receives the health care they need.
B) federal spending on health care has increased rapidly over the last thirty years.
C) the federal-funded VA hospitals have been expanding faster than government revenues can provide for.
D) the medical expenses of federal employees has been rising at a rate much faster than for non-federal workers.
B
You might also like to view...
Suppose the current level of output is 5000 and the elasticity of output with respect to labor is 0.7. A 10% increase in labor would increase the current level of output to
A) 5035. B) 5070. C) 5350. D) 5700.
Economists use a model that is a literal description of business’ behavior.
Answer the following statement true (T) or false (F)
________ functions are very useful in analyzing production functions, which exhibit both increasing and decreasing marginal products
A) Cobb-Douglas B) Straight-line C) Quadratic D) Cubic
In determining the poverty level, the Census Bureau counts cash transfers, but not in-kind transfers, thereby understating the actual amount of antipoverty transfers made
a. True b. False Indicate whether the statement is true or false