Exam 18: Aging, Social Security and Health Care

The following figure shows the demand (D) and supply (S) curves of human organs Figure 18.5 -In Figure 18.5,the equilibrium quantity of human organs in the market is:

If a futures market for human organs can be developed,everyone would tend to volunteer to donate organs as they would receive some income for almost no cost.

The social security system in the United States,which covers both social security and hospital insurance is financed by a:

A part of the supply to the human organs market comes from the organs harvested from people who die suddenly,such as those killed in accidents.

Which of the following statements is true of the market for prescription drugs in the U.S.?

Medical care in the United States is not only expensive but also technologically backward than other nations.

Empirical evidences suggest that the expenditure on prescription drugs grew by an annual average of 15 percent since 1995.In the light of this observation which of the following statements is true?

_____ account for a majority of the health care expenditure in the United States.

The figure given below shows the demand (D₁ and D₂) and supply (S) curves of medical care. Figure 18.1 -Refer to Figure 18.1.One possible reason for the shift of the demand curve from D₁ to D₂ is the:

Which of the following is the most controversial proposal suggested for making the system of social security more efficient?

The demand for unskilled workers is highly price elastic.This means that a tax imposed partly on unskilled workers and partly on their employers:

In the context of the hospitals in the United States,which of the following statements is correct?

The results of privatizing the social security system has been negative at large in most of the economies.

Privatization of the social security system would lead to which of the following adverse outcomes?

The money raised from the social security taxes is used:

Government programs like Medicaid and Medicare have been created as per the belief that everyone has an inalienable right to medical care.

Health care can be regarded as a(n):

The bulk of the cost of hospital care is borne by third-parties.Such third-parties are:

The existence of new drugs reduces the demand for drugs as they are highly expensive.

Which of the following is a myth about social security?