The subsidization of medical care through insurance and government payments means that
A) health care is a public good.
B) health care providers will be monopolies.
C) health care will generate positive externalities.
D) the amount of resources going to health care will be above the socially optimal amount.
Correct Answer:
Verified
Q44: Which of the following is true of
Q45: Government can correct for negative externalities by
A)
Q46: If the production of a good results
Q47: A government subsidy is typically used
A) to
Q48: The theory of contestable markets asserts that
A)
Q50: Market _ results when the outcome generated
Q51: Market failure occurs when the price consumers
Q52: To the extent that there is market
Q53: A negative externality arises when production or
Q54: When production of a good generates negative
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