Excise taxes constitute a large source of government revenue. a. True b. False ANSWER b
Date: September 9th, 2020
Medicare provides health care to _____. a. the elderly b. the needy c. the widowed d. the orphaned ANSWER a
Date: September 9th, 2020
The practice of medicine in the United States came under widespread regulation _____. a. before the Civil War b. between the Civil War and World War I c. between World War I and World War II d. after World War II ANSWER b
Date: September 9th, 2020
Voters have an incentive to be rationally ignorant of most political issues because _____. a. all candidates target the median voter b. political information is costly c. they are likely to be canceled out by another uninformed voter d. their vote is highly unlikely to change the outcome ANSWER c
Date: September 9th, 2020
HMOs create the incentive to _____. a. minimize health care expenditures b. avoid important but expensive procedures c. enroll individuals with serious illnesses d. a and b ANSWER d
Date: September 9th, 2020
Economists call the fact that the general public has little incentive to become informed about most political issues _____. a. rational ignorance b. irrational voting c. a diminishing political marketplace d. cyclical political institutions ANSWER a
Date: September 9th, 2020
A tax on a specific good or service is called an ad valorem tax. a. True b. False ANSWER b
Date: September 9th, 2020
Under a “cost-plus” system of hospital reimbursement, hospitals have the incentive to _____. a. minimize expenditures b. purchase the most recent high-tech equipment c. release patients early d. shift away from more expensive surgeries ANSWER b
Date: September 9th, 2020
It is often said that if we could get more individuals to study the issues and vote we could have significant change through the ballot box. While true in a technical sense, which of the following statements best explains why this outcome is ¬not likely to occur? a. Individuals have double-peaked preferences and thus cyclical […]
Date: September 9th, 2020
A Health Maintenance Organization is _____. a. a multi-doctor office b. a type of pre-paid health care c. a series of specialty hospitals d. increasingly rare ANSWER b
Date: September 9th, 2020
