Government payment of a per-unit subsidy for medical care causes the out-of-pocket price that consumers pay for care to be
A) less than the price that producers receive for providing care.
B) greater than the price that producers receive for providing care.
C) greater than the market clearing price without the subsidy.
D) equal to zero.
A
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A country has a comparative advantage when the opportunity cost of producing a good in terms of:
a. the monetary value of other forgone goods is lower than that of other nations. b. the monetary value of other forgone goods is greater than that of other nations. c. forgone output of other goods is higher than that of other nations. d. forgone output of other goods is lower than that of other nations. e. forgone output of other goods is equal to that of other nations.
Which statement is the most accurate?
A. Most welfare mothers have had child after child to get larger welfare payments. B. Most welfare families have three or more children. C. There are many theories of poverty, but none provides more than a partial explanation. D. The conservatives and liberals are in basic agreement about the causes of poverty.