The economic problem with Medicare financing is that

A) there is a built-in incentive to provide fewer services by doctors.
B) there is a built-in incentive to travel to Canada to receive medical services.
C) the cost of providing services is falling annually.
D) there is a built-in incentive to consume more services.

D

Economics

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As the stock of capital grows, there will typically be ________ depreciation

A) less B) more C) the same amount of D) no

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What does it mean to say that a perfectly competitive firm is a price taker? Can't a firm set any price it chooses?

What will be an ideal response?

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