A co-payment is the
A. percentage of a covered expense that an individual will have to pay (after the deductible is met).
B. percentage of a covered expense that an insurance company will have to pay (after the deductible is met).
C. amount of covered expense that an insurance company will have to pay before the individual pays anything.
D. amount of covered expense that an individual will have to pay before the insurance company pays anything.
Answer: A
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A fall in the money wage rate shifts
A) both the SAS and LAS curves rightward. B) both the SAS and LAS curves leftward. C) the SAS curve rightward but leaves the LAS curve unchanged. D) the LAS curve rightward but leaves the SAS curve unchanged.
If Gambinia has many workers but very little land and even less productive capital, then, following the Heckscher-Ohlin model, in order to improve the country's economic welfare, the Gambinian government should
A) engage in free trade. B) protect the capital-intensive product. C) protect the land-intensive product. D) protect the labor-intensive product. E) discontinue all international trade.