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. declining rate of immunization rates and the rising malpractice insurance costs.
C. rising health care costs and the moral hazard problem in health care services.
D. rising health care costs and the rising malpractice insurance costs.
Answer: C
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Which of the following macroeconomic variables does not vary much over the seasons?
A) The nominal money stock B) The unemployment rate C) The real wage D) Average labor productivity
The phenomenon that some consumers pay a higher interest rate when they borrow than the interest rate they receive when they lend is best described as an example of
A) irrational behavior. B) a credit market imperfection. C) a vast banking conspiracy. D) the burden of public debt.
Hedging risk and spreading risk are two ways to:
A. match up perfectly positively correlated assets. B. lower transaction costs. C. diversify a portfolio. D. increase expected returns from a portfolio.
Which of the following types of financial institutions is required to belong to the Federal Reserve System?
A. national banks B. state-chartered banks C. savings and loan institutions D. credit unions