Exam 4: Applications of Supply and Demand

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Use the following to answer questions . Exhibit: The Market for Health Care Use the following to answer questions . Exhibit: The Market for Health Care   -(Exhibit: The Market for Health Care) Suppose insurance lowers the price consumers pay to P<sub>2</sub>. Compared to the situation without insurance, this would: -(Exhibit: The Market for Health Care) Suppose insurance lowers the price consumers pay to P2. Compared to the situation without insurance, this would:

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A price that the government guarantees farmers will receive for a particular crop is a(n):

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A maximum price set below the equilibrium price is a:

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An area of concern in the provision of health care in the United States is that:

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What are the basic provisions of the Affordable Health Care Act of 2010?

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Over the last few decades government has decreased its participation in health care.

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In the last 30 years, the costs of health care have _______ as a percentage of U.S. output.

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A market price floor for wheat:

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The Affordable Health Care Act of 2010:

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Which of the following statements concerning insurance for health-care services is true?

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According to the textbook, which of the following are suggestions to limit health-care spending?

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In markets with third-party payers,

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Use the following to answer questions . Exhibit: The Market for Health Care Use the following to answer questions . Exhibit: The Market for Health Care   -(Exhibit: The Market for Health Care) The quantity Q<sub>2</sub> is available at price: -(Exhibit: The Market for Health Care) The quantity Q2 is available at price:

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According to the Case in Point on corn, which of the following is a criticism that has been raised of government spending in support of corn-based ethanol?

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According to the textbook, much of the discussion about the health-care "problem" in the United States has focused on:

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Despite the "Great Recession" that began in 2007, oil prices rose in that same year. Why would we expect oil prices to fall and in this case why did they increase?

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A persistent shortage may occur if:

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Health care is a normal good.

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One source of high health care costs is the:

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As discussed in the Case in Point on Arab spring and oil markets, after the official start of the recession in the U.S. in 2007, oil prices:

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