Medicaid:
A. helps finance medical expenses for those participating in the TANF and Supplemental
Security Income programs.
B. has been abandoned in favor of privately provided medical insurance.
C. is a program of medical insurance for the aged and retired.
D. is a compulsory national health insurance program that only covers preventative medical
services.
Answer: A
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If advertising makes demand of a product less elastic, it makes sense for a firm to
a. Decrease the price of the product b. Increase the price of the product c. Leave the price unchanged d. None of the above
If a firm can charge different prices for each consumer it can practice
A) second degree price discrimination. B) perfect price discrimination. C) third degree price discrimination. D) consumer surplus reversal