By the year 2017, health care spending on Medicare, Medicaid, and other U.S. government programs as a percentage of GDP had reached a level of
A) 2.2 percent.
B) 7 percent.
C) 17.5 percent.
D) 21.5 percent.
Answer: B
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Which of the following is true of union membership rates in the United States?
a. The rate for males is greater than the rate for females because there are more males in the service sector. b. The rate for males is greater than the rate for females because there are more females in the service sector. c. The rate for whites is greater than the rate for blacks because there are more blacks in the service sector. d. The rate for blacks is greater than the rate for whites because there are more whites in heavy industry. e. The rate for blacks is less than the rate for whites because there are more whites in heavy industry.
When the government sets a maximum price that can be charged for a good or service, it creates
A) a price support. B) a price floor. C) a white market. D) a price ceiling.