The prominence of employer-provided health insurance in the U.S. has had the following major consequences, except:
A. Overuse of health-care services
B. Rapidly rising prices of health care
C. Reform efforts have mostly focused on regulation of health insurance
D. Heightened awareness of employees about the true costs of their health care
D. Heightened awareness of employees about the true costs of their health care
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What is a prisoner's dilemma?
A) a game in which players act in rational, self-interested ways that leave everyone worse off B) a game that involves no dominant strategies C) a game in which players collude to outfox authorities D) a game in which prisoners are stumped because they cannot communicate with each other
Which of the following would be the most likely outcome if all perfectly competitive firms in a product market join together to form a monopoly?
A) Both the rate of output and the quantity of labor input employed will decrease. B) Both the rate of output and the quantity of labor input employed will increase. C) The rate of output in the market will increase but the quantity of labor input will decrease. D) The rate of output in the market will decrease but the quantity of labor input will increase.