Both Sally and Sam receive a 10% raise in a single year. Sally increases her demand for ground beef whereas Sam decreases his demand for ground beef. A) This is impossible. B) This is only possible if Sally considers ground beef an inferior good, and Sam views it as a normal good. C) This is […]
Date: September 9th, 2020
By 1900, _____ states had a state board of health. a. 17 b. 32 c. 37 d. all ANSWER d
Date: September 9th, 2020
The _____ allows voters to vote on a series of marginally smaller quantities of a good. a. committee version of the medium voter model b. representative democracy version of the medium voter model c. referendum version of the medium voter model d. cyclical majority ANSWER c
Date: September 9th, 2020
One advantage of user charges is they _____. a. increase with inflation b. they apply the ability-to-pay principle of taxation c. help ration consumption of the taxed good d. a and c ANSWER c
Date: September 9th, 2020
Which of the following is an assumption of the median voter model? a. Voters are assumed to have heterogeneous preferences. b. Voters are assumed to be able to place all possible election outcomes within a one-dimensional continuum. c. Voters are assumed to have homogenous preferences. d. Voters are assumed to be able to compare current […]
Date: September 9th, 2020
One reason the supply and demand model might not be appropriate to the health-care industry? A) Consumers do not have full information. B) Providers do not know the demand for health-care services. C) Consumers do not know how to value their own health. D) The costs of finding a doctor are too low. ANSWER […]
Date: September 9th, 2020
Which of the following is not a rationale for government involvement in health care markets? a. Government involvement is necessary to prevent the spread of contagious diseases, which are type of externality. b. Government involvement is necessary to provide individuals with information on the quality of health care by regulating drugs and physicians. c. Government […]
Date: September 9th, 2020
One rationale for government involvement in health care markets is that government involvement is necessary to prevent the spread of contagious diseases, which can be a type of externality. Which of the following is not an example of a public health externality? a. The provision of vaccinations against communicable diseases. b. The provision of clean […]
Date: September 9th, 2020
Which of the following is not an advantage of user charges? a. User charges help ration consumption of the taxed good. b. User charges are equitable from the standpoint of the benefit principle of taxation. c. User charges reveal consumer preferences for the taxed good. d. User chargers are easy to apply in cases where […]
Date: September 9th, 2020
The conclusion of the median voter model is that_____. a. private sector demands of the median voter influences their demand for public goods b. the median voter is omniscient c. public sector demand will be the demand of the median voter d. decision-making costs will be high if the median voter is rationally ignorant […]
Date: September 9th, 2020
