The efficient response to a policy that provides free or heavily subsidized care to a substantial number of people is to:
a. shift the cost of free care to the fully insured population.
b. provide incentives to expand the availability of medical services.
c. initiate price controls to lower spending.
d. ration care by using waiting lists.
e. establish limited provider networks to redirect demand to preferred providers who follow published guidelines.
b. provide incentives to expand the availability of medical services.
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Which of the following is true of individual income taxes?
A) Individual income taxes are only collected by the federal government. B) Individual income taxes are only collected by the state governments. C) All states in the U.S. collect individual income taxes. D) The rate of income tax imposed by states in the U.S. varies.
In country X, the average yearly salary of 50-year-olds with 16 years of education is $50,275, while the average yearly salary of 50-year-olds with 12 years of education is $36,265
According to this data, four additional years of education are likely to be correlated with higher future wages of about: A) 24 percent. B) 38 percent. C) 50 percent. D) 88 percent.