Publicly provided health insurance for the poor will
A. lower the price of health care to the non-poor and increase the total amount of health care consumed.
B. increase the total amount of health care consumed.
C. raise the level of health care consumed by the non-poor.
D. lower the price of health care to the non-poor.
Answer: B
You might also like to view...
The U.S. Congress has given two government entities the authority to police mergers. These two entities are
A) the Antitrust Division of the U.S. Department of Justice and the Council of Economic Advisors. B) the antitrust division of the Department of State and the Securities and Exchange Commission. C) the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice. D) the Federal Trade Commission and the Internal Revenue Service.
Figure 7.4
The above figure represents the marginal utility per dollar for candy bars and oranges for Sophia. The price of each product is $0.50, and Sophia has a budget of $4.Refer to Figure 7.4. If Sophia bases her choice on cognition, she will maximize utility at a marginal utility per dollar of ________ utils for candy bars and ________ utils for oranges.
A. 5; 11 B. 11; 5 C. 5; 5 D. 11; 11