Government action can usually perfectly correct the market’s shortcomings.
Answer the following statement true (T) or false (F)
False
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Refer to the accompanying figure. An increase in supply is represented by a shift from:
A. curve B to curve A. B. curve C to curve D. C. curve C to curve B. D. curve A to curve B.
Before entering the debate of whether or not access to medical care is a right, it is important to distinguish between a negative right and a positive right. Which of the following statements is true?
a. Positive rights are freedom-preserving rights; they are enumerated in the U.S. Constitution. b. Negative rights are resource-extracting rights. They require taking resources from one person in order for someone else to receive them. c. Coercion of some kind is essential to guarantee a negative right. d. Entitlements such as Medicare and Medicaid are examples of negative rights. e. Consider the following situation: Peter has no money. In order for Peter to exercise his right to medical care, the law requires that Paul pay for it. This is an example of medical care as a positive right.