Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 5.5, Problem 2ST
To determine
The impact of a subsidy on the price.
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Suppose the government sets the maximum price for a normal doctor's visit at $20, but the current market price is $40. As a result of this government action, doctors will see:
more patients.
the same number of patients.
fewer patients.
Which of the following would encourage consumers to economize on health care expenditures and producers to supply health care services more efficiently?
Group of answer choices
Decreased reliance on the purchase of catastrophic health insurance coverage and greater reliance on insurance with first-dollar coverage and small co-payments.
An increase in the share of health care costs paid for by the consumer either directly or from a health savings account.
Decreased reliance on personal health savings accounts and health care expenditures from the accounts.
The establishment of a national health care system that would provide health care services to people free of charge.
The fact that most medical care purchases are financed through insurance:
a. has no effect on health care consumption because aggregate costs are the same regardless of payment method.
b. reduces the amount of health care consumed by raising the price of additional units of care.
c.has decreased health care costs and therefore reduced aggregate health care expenditures.
d. increases the amount of health care consumed by reducing the price of additional units of care.
Chapter 5 Solutions
Economics (MindTap Course List)
Ch. 5.1 - Prob. 1STCh. 5.1 - Prob. 2STCh. 5.2 - Prob. 1STCh. 5.2 - Prob. 2STCh. 5.3 - Prob. 1STCh. 5.3 - Prob. 2STCh. 5.4 - Prob. 1STCh. 5.4 - Prob. 2STCh. 5.5 - Prob. 1STCh. 5.5 - Prob. 2ST
Ch. 5.6 - Prob. 1STCh. 5.6 - Prob. 2STCh. 5.7 - Prob. 1STCh. 5.7 - Prob. 2STCh. 5.8 - Prob. 1STCh. 5.8 - Prob. 2STCh. 5.9 - Prob. 1STCh. 5.9 - Prob. 2STCh. 5.10 - Prob. 1STCh. 5.10 - Prob. 2STCh. 5.11 - Prob. 1STCh. 5.11 - Prob. 2STCh. 5.12 - Prob. 1STCh. 5.12 - Prob. 2STCh. 5 - Prob. 1QPCh. 5 - Prob. 2QPCh. 5 - Prob. 3QPCh. 5 - Prob. 4QPCh. 5 - Prob. 5QPCh. 5 - Prob. 6QPCh. 5 - Prob. 7QPCh. 5 - Prob. 8QPCh. 5 - Prob. 9QPCh. 5 - Prob. 10QPCh. 5 - Prob. 11QPCh. 5 - Prob. 12QPCh. 5 - Prob. 13QPCh. 5 - Samantha is flying from San Diego, California to...Ch. 5 - Prob. 15QPCh. 5 - Prob. 16QPCh. 5 - Prob. 1WNGCh. 5 - Prob. 2WNGCh. 5 - Prob. 3WNGCh. 5 - Prob. 4WNGCh. 5 - Prob. 5WNGCh. 5 - Prob. 6WNG
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