Part A of Medicare finances hospital care. a. True b. False
Part A of Medicare finances hospital care. a. True b. False ANSWER a
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Date: September 9th, 2020
Microeconomics
A competitive equilibrium is Pareto-efficient because at the competiti
A competitive equilibrium is Pareto-efficient because at the competitive equilibrium, A) prices have been allowed to adjust. B) there are no further gains from trade. C) the final outcome is different from the original inefficient endowment. D) all members of society can be made better off. ANSWER B
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Date: September 9th, 2020
The simple median voter model is unbiased with respect to special inte
The simple median voter model is unbiased with respect to special interests. a. True b. False ANSWER b
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Date: September 9th, 2020
Medicaid coverage is universal for all low-income individuals regardle
Medicaid coverage is universal for all low-income individuals regardless of health. a. True b. False ANSWER b
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Date: September 9th, 2020
The marginal cost of additional health care when there are copayments
The marginal cost of additional health care when there are copayments is zero. a. True b. False ANSWER b
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Date: September 9th, 2020
Two taxes that have consumption as a tax base are ____ taxes and _____
Two taxes that have consumption as a tax base are ____ taxes and _____ taxes. a. income; general sales b. general sales; valued-added c. excise; income d. estate; retail sales ANSWER b
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Date: September 9th, 2020
Over a period of years, many European countries replaced their transac
Over a period of years, many European countries replaced their transaction taxes with a value added tax. Give two reasons why this was done. What will be an ideal response? ANSWER The first reason why this was done was because transaction taxes are inefficient because they tax the same good multiple times. The second […]
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Date: September 9th, 2020
When cyclical majorities arise, the winner of an election will be dete
When cyclical majorities arise, the winner of an election will be determined by the order in which the choices are presented to the voters. a. True b. False ANSWER a
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Date: September 9th, 2020
Voters have an incentive to become informed about political issues bec
Voters have an incentive to become informed about political issues because the individual’s vote is likely to affect the outcome. a. True b. False ANSWER b
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Date: September 9th, 2020
A general sales tax and a value-added tax have _____. a. a common tax
A general sales tax and a value-added tax have _____. a. a common tax base b. nothing in common c. rates in common d. investment as a tax base e. a and d ANSWER a
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Date: September 9th, 2020