Refer to the below table. If there was no health insurance, the equilibrium price and quantity of health care would be:
Use the table below to answer the question. The table shows the hypothetical demand and supply schedule for health care
A. $600 and 300 units
B. $400 and 400 units
C. $500 and 400 units
D. $400 and 500 units
D. $400 and 500 units
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Which of the following sets of categories correctly describes the categories of nonconsumption injections?
A) foreign imports, private domestic investment, government transfer payments B) capital consumption allowances, government transfer payments, net exports C) net exports, inventory accumulation, government transfer payments D) government purchases of goods and services, net exports, private domestic investment
Imports are a leakage in the sense that
a. the international financial system is unstable. b. consumers buy foreign output of goods and services. c. foreigners earn less than U.S. workers. d. a trade deficit increases aggregate demand.