The distinction between public health problems and private health problems becomes blurred when _____. a. externalities are positive b. preferences are quasi-linear c. health insurance is unavailable d. health care spending is from public coffers ANSWER d
Date: September 9th, 2020
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 […]
Date: September 9th, 2020
A process of _____ among candidates in a representative democracy leads to the outcome preferred by the median voter. a. cheating b. political competition c. bargaining d. log-rolling ANSWER b
Date: September 9th, 2020
Government clean up toxic waste sites is _____. a. justified on public good grounds b. justified on externality grounds c. justified on equity grounds d. justified on technical monopoly grounds ANSWER a
Date: September 9th, 2020
The referendum version of the median voter model concludes that _____. a. by decreasing output slowly, the median voter will adjust her preferences to those of the ballot organizer b. by increasing output slowly, the median voter will adjust her preferences to those of the ballot organizer c. the outcome preferred by the median voter […]
Date: September 9th, 2020
The general trend in health care policy during the twentieth century has been _____. a. towards preventing the spread of communicable diseases b. towards ensuring that pharmaceuticals and physicians are well-regulated c. focused on general health care expenditures d. focused on general public health issues ANSWER c
Date: September 9th, 2020
Which graph in the above figure best represents a good that is an inferior good at some income levels, and a normal good at other income levels? A) Graph A B) Graph B C) Graph C D) Graph D ANSWER A
Date: September 9th, 2020
The median voter model predicts that in a representative democracy _____. a. party platforms will converge to one preferred by the median voter b. successful politicians will emulate the median voter c. third parties will not exist d. successful politicians come from the median political party ANSWER a
Date: September 9th, 2020
_____ prefer a quota to an import tax. a. Foreign producers b. Importers c. Consumers d. Foreign consumers ANSWER b
Date: September 9th, 2020
Even though Mary’s income is very low, she makes sure that she purchases enough milk for her family to drink. As her income rises, she does buy more milk. Which graph in the above figure best represents Mary’s Engel curve for milk? A) Graph A B) Graph B C) Graph C D) Graph D […]
Date: September 9th, 2020
