Co-pays are defined as _____.
A. the total amount of money that the national government owes as a result of borrowing
B. the binding annual budgets for government agencies that the agencies cannot exceed
C. the sums of money granted by the federal government to help businesses maintain low prices
D. the consumer's share of the cost of an office visit or medication
E. the sums a consumer would have to pay before insurance kicked in
Answer: D
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Which of these statements about regulations and bureaucracy is true?
a. A large, strong bureaucracy is the best guarantee against corruption within the political system. b. The public tends to accept the necessity of large bureaucracies for effectively regulating the market. c. The potential for corruption increases with the number of regulations and the size of the bureaucracy. d. The level of regulation and the size of the bureaucracy are proportional to the power of elected officials.
In microeconomic policy, which of the following is/are highly influential?
A. President B. Congress C. Federal Reserve Board D. all of the above E. (A) and (B)