Which of the following is a major reason why the Medicare program is in such financial trouble?
A) Workers are not paying enough into the program.
B) The government set reimbursement rates too high.
C) Because medical services are subsidized by the government, both consumption by the elderly and the cost of services have increased.
D) There is a shortage of medical school applicants.
C
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Which of the following observations concerning pollution rights is incorrect?
a. It would not allow firms to move into an area that is already as polluted as allowed by EPA standards. b. It allows the greatest value to be generated with a given amount of pollution c. The rights are private property and can be sold. d. Each polluter is motivated to discover and use the cheapest way to reduce pollution.
Suppose that the dollar value rises from 100 to 125 yen. As a result, a. exports to Japan will likely increase
b. Japanese tourists will more likely visit the United States. c. U.S. businesses will be less likely to use Japanese shipping lines to transport their products. d. U.S. consumers will more likely buy Japanese-made automobiles.