Other things being equal, a national health insurance program would
A) generate higher life expectancies and lower infant mortality rates.
B) generate lower life expectancies and higher infant mortality rates.
C) increase total health care expenditures.
D) increase the quality of life.
Answer: C
Economics
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The marginal benefit of each additional unit of a good consumed
A) increases as more is consumed. B) is always equal to its marginal cost. C) decreases as more is consumed. D) will maximize consumer surplus. E) is equal to the deadweight loss if the unit of the good is not produced.
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________ is the market structure in which there are many rival firms producing differentiated products
A) Perfect competition B) Monopolistic competition C) Monopoly D) Oligopoly
Economics