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1. In an unregulated market for healthcare, there is
A. a deadweight loss from under-providing healthcare.
B. no deadweight loss.
C. a deadweight loss from over-providing healthcare.
D. Any of the above could be correcting depending on how the marginal cost paid by producers compares to the marginal social cost.
2. For health care, the perceived marginal benefit ________ the marginal social benefit.
A. is equal to
B. is greater than
C. is less than
D. cannot be compared to
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Which one of the following is an example of passive policy? making?
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Suppose that the U.S. net foreign debt (liabilities less assets) is equal to 25 per cent of the country’s GNP and that foreign assets and liabilities pay an interest rate of 5 per cent per year. What would be the “debt burden” for the U.S. (i.e. inte..
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