Which of the following financed the largest share of health-care spending in 2011?
A. Medicare
B. Medicaid
C. Copayments and deductions paid by patients
D. Military and other public insurance (excl. Medicare and Medicaid)
A. Medicare
Economics
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The above figure shows Bob's utility function. He currently has $100 of wealth, but there is a 50% chance that it could all be stolen. Bob's expected utility is
A) a. B) b. C) c. D) d.
Economics
Which of the following is a result of government price controls?
A) Some people win and some people lose. B) Price controls benefit poor consumers but harm producers and wealthy consumers. C) Price controls increase economic efficiency. D) The deadweight loss from price ceilings is greater than the deadweight loss from price floors.
Economics