Find economic equilibrium

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Reference no: EM133274224

PLEASE ANSWER EACH QUESTION

1. Realities in our political system that make health care reform difficult are:

a. Congress has rules about about voting legislation that make it difficult to do business with a simple majority

b. Presidents have influence on political agendas, but cannot make sweeping changes without Congress

c. Factors like constituents and lobbyists may influence members of congress more than the President

d. All of the above

2. The good Samaritan laws require licensed physicians to aid strangers in medical stress

-True or False?

3. Why in the U.S. can the private health insurance market find economic equilibrium, a price where quantity demanded is equal to quantity supplied, yet at the same time we continually find Americans without health insurance?

a. We rely too little on the free market philosophy

b. We overwhelmingly support redistributing the wealth from the better off to those less well off

c. We abhor government regulation

d. Our income is distributed such that many Americans are unable to afford health insurance

4. Other developed nations that provide universal healthcare entitlements have not been bankrupted, but spend less on health care than does the U.S. in terms of dollars per capita and proportion of gross domestic product

-True or False?

5. An example of the concept of a "negative" constitution means a government is empowered to provide health care, but not required to do so

-True or False?

6. States' police powers:

a. Cannot be used as a form of punishment

b. Must be rational and not arbitrary and capricious

c. Must be related to health, education, welfare, or security

d. All of the above

7. What is NOT a consequence when government sets a price below the market prices?

a. Suppliers shift costs from one product to another

b. Suppliers may reduct the quantity supplied resulting in shortages

c. Suppliers will enter the market and increase the quantity supplied resulting in a surplus

d. Suppliers may exit the market resulting in shortages

Reference no: EM133274224

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