Which of the following is true?
a. The growth of third-party payments during the last several decades has helped control inflation in the health-care sector.
b. Public policy encourages Americans to purchase low deductible/low co-payment health insurance coverage through their employers.
c. Low deductible health insurance coverage encourages health-care consumers to search for the best prices.
d. The 2.9 percent Medicare payroll tax is sufficient to cover the cost of the promised future health-care services to senior citizens.
B
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The monetary policy-making body of the Federal Reserve is the
A) Federal Open Market Committee. B) New York Federal Reserve Bank. C) regional Federal Reserve Banks. D) Board of Governors.
Consider the PPF for office buildings and housing shown in the figure above. Which point in the diagram shows that resources to produce office buildings and housing are being misallocated, unused, or both?
A) point F B) point G C) point H D) point I