If an event is unlikely to occur, which probability is a reasonable estimate?
A) 0
B) 0.23
C) 0.82
D) Not enough information to determine.
B
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Some economists have proposed making the tax treatment of employer-provided health insurance the same as the tax treatment of individually purchased health insurance and out-of-pocket health care spending
Such changes would make it more likely that A) insurance deductibles would decrease. B) employers would provide more generous medical coverage to their employees. C) consumers would pay prices closer to the actual costs for routine medical care. D) the quantity of medical services demanded would increase.
A subsidy to wheat farmers will
A) increase the quantity of wheat demanded. B) decrease the quantity of wheat supplied. C) increase the supply of wheat. D) leave both the supply and demand of wheat unchanged.