If a change is a Pareto improvement, then
A) we also achieve Pareto efficiency.
B) consumer surplus is maximized.
C) it also passes the cost-benefit test.
D) the distributional effect is likely to be regressive.
C
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In the United States, the bulk of health care spending is paid by health insurance companies. Such a system is also called a ________ where consumers of health care pay a nominal fee and the rest is paid by the health insurance provider
A) socialized medicine system B) single-payer system C) universal health care system D) third-party payer system
When considering different tax levels, the revenue-maximizing point will be reached more:
A. slowly when demand is more elastic. B. quickly when demand is more elastic. C. quickly when demand is less elastic. D. quickly if demand is unit elastic.