If health care spending is already on the flat-of-the-curve, it may not be possible to buy improved health status by increasing spending. In this situation, the best way to improve health status may be to
a. increase the availability of government health insurance.
b. invest in biotechnology to determine the genetic factors that improve health.
c. improve life-style decisions by reducing smoking, alcohol consumption, and drug use.
d. improve access to medical care.
e. improve overall educational attainment so people can better follow the advice from the medical community.
C
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Suppose you place your savings in a time deposit at the bank, and that bank lends some of those funds to a business that desires a loan. This is an example of
A) direct finance. B) indirect finance. C) asymmetric information. D) adverse selection.
During an economic boom period, the actual rate of unemployment will be
a. less than the natural rate of unemployment. b. greater than the natural rate of unemployment. c. equal to the natural rate of unemployment. d. unaffected by the economic expansion.