If consumers paid the full price of medical services instead of using health insurance and third-party payers to cover part of the cost, the quantity of medical services provided would decrease
Indicate whether the statement is true or false
TRUE
Economics
You might also like to view...
Recessions occur at ________ intervals and are ________ to predict with much accuracy.
a) regular; quite possible b) regular; almost impossible c) irregular; almost impossible d) irregular; quite possible
Economics
In 2007, European Union (EU) negotiators have offered to cut tariffs for Latin American bananas to avoid "banana wars". What are the effects of a cut in tariffs?
A) The quantity of bananas imported into the EU will increase. B) The price of bananas for consumers will increase. C) The quantity of bananas produced in the EU (such as in France and Spain) will increase. D) Europe will start to export bananas.
Economics