Which of the following is not an argument used by economists and policymakers who are in favor of moving toward greater government involvement in health care?
A) The increased competition that results from market-based reforms would reduce health care costs and increase economic efficiency.
B) A single-payer system would reduce the paperwork caused by the current system.
C) The current Medicare system has had lower administrative costs than have private health insurance companies.
D) The systems in most other high-income countries have lower levels of health care spending per person which still providing good health outcomes.
Answer: A
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Paine Pharmaceuticals produces medicines in the U.S. Its overseas sales
a. are an export of the U.S. and increase U.S. net exports. b. are an export of the U.S. and decrease U.S. net exports. c. are an import of the U.S. and increase U.S. net exports. d. are an import of the U.S. and decrease U.S. net exports.
________ is an industry market structure with many firms each able to differentiate their products.
A. Monopolistic competition B. Perfect competition C. A monopoly D. An oligopoly