Some policy makers have suggested that mandatory health insurance coverage would:
A. overcome adverse selection in the market for health insurance.
B. help to reduce the cost of health care.
C. keep premiums lower than if healthy people could opt out.
D. All of these statements are true.
Answer: D
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A difference between a share of stock in a corporation and a corporate bond is that
A) the share of stock is a legal claim while the bond is not. B) the bond owner has voting rights within the corporation whereas the stockholder does not. C) the bond owner is entitled to receive a fixed annual coupon payment plus a lump-sum payment at the bond's maturity date, whereas the stockholder is entitled to a share of future profits. D) stocks are issued in return for funds that are lent to the corporation.
Arthur Bach is worth $780 million dollars. He goes into an upscale men's store and buys 32 green sweaters, each costing $200 . If Arthur has maximized his utility from this purchase, what is the marginal utility of the thirty-third green sweater?
a. cannot tell b. greater than $200 c. less than $200 d. 0 e. $200