Microeconomics

The problem of moral hazard arises because _____. a. individuals rece

The problem of moral hazard arises because _____. a. individuals receive insurance through their employer, who has different incentives b. individuals with insurance have no incentive to avoid insured expenditures c. some individuals have religious objections to purchasing insurance d. some individuals are immoral   ANSWER b  

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Date: September 9th, 2020

The median voter model suggests that _____. a. extreme candidates are

The median voter model suggests that _____. a. extreme candidates are unlikely to change positions over time b. extreme candidates have an easier time winning election because of the fervor of their supporters c. extreme candidates will have a difficult time winning election d. extreme candidates will be able to move a party’s platform to […]

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Date: September 9th, 2020

Which of the following have contributed to health insurance becoming c

Which of the following have contributed to health insurance becoming commonplace during the latter half of the twentieth century? a. The tremendous rise in medical costs. b. The increase in fraternal order societies which provided health insurance. c. The growth of employer-provided health care. d. all of the above e. a and c   ANSWER […]

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Date: September 9th, 2020

Health insurance was not an important policy issues prior to 1940 beca

Health insurance was not an important policy issues prior to 1940 because _____. a. less than 10 percent of the U.S. population had health insurance b. health care was so cheap c. of the widespread ability of local charitable hospitals d. most individuals were covered by veteran health benefits   ANSWER a  

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Date: September 9th, 2020

From what viewpoint is a sales tax most likely to be considered regres

From what viewpoint is a sales tax most likely to be considered regressive? a. If one considers lifetime consumption as equal to income. b. If one considers that many goods consume by low-income individuals are exempt from taxation. c. If one considers it as a consumption tax on current income. d. If one considers it […]

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Date: September 9th, 2020