A goal of ________ is to give patients an incentive to pay more attention to the prices of medical services. This would tend to increase economic efficiency by decreasing the costs of medical services
A) the Patient Protection and Affordable Care Act (ACA)
B) socialized medicine
C) government-provided health care
D) market-based reforms of the health care system
D
Economics
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Which of the following is not a criterion for an ideal voting system, according to economist Kenneth Arrow?
A. Unanimity B. No dictator C. Transitivity D. Fairness
Economics
When a factor of production is in fixed supply, the revenue it earns
a. consists entirely of rent. b. is an efficiency wage. c. is independent of how the resource is used. d. consists entirely of deadweight loss.
Economics