The fact that most medical care purchases are financed through insurance:
A. has no effect on health care consumption because aggregate costs are the same
regardless of payment method.
B. reduces the amount of health care consumed by raising the price of additional units of
care.
C. has decreased health care costs and therefore reduced aggregate health care
expenditures.
D. increases the amount of health care consumed by reducing the price of additional units of
care.
Answer: D
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What happens when wages are set by law above the equilibrium level?
a. Firms employ fewer workers than they would at the equilibrium wage. b. Firms employ more workers than they would at the equilibrium wage. c. Firms tend to try to break the law and hire people at the equilibrium level. d. Firms hire more workers but for fewer hours than they would at the equilibrium wage.
Since 1999, the number of small state-owned enterprises (SOEs) in China has
A) decreased, but the large SOEs continue to hold a large proportion of industrialized assets. B) increased, but large SOEs has decreased. C) decreased along with the large SOEs. D) remained unchanged.