Question 1

The social security tax proceeds are often used to purchase government bonds.

Accepted Answer

A) True 
 B)False

Question 2

The figure below shows the demand (AD)and supply (SS1)curves of medical care. Figure 32.4   Refer to Figure 32.4.If the third-party system now induces those people to avail medical care who were earlier not willing to avail it, the demand curve AD would:

Accepted Answer

A) shift inward. 
B) become perfectly elastic. 
C) become vertical. 
D) remain unchanged. 
E) shift outward. 
A) shift inward. 
B) become perfectly elastic. 
C) become vertical. 
D) remain unchanged. 
E) shift outward.

Question 3

Health care can be regarded as a(n):

Accepted Answer

A) normal good. 
B) Giffen good. 
C) scarce good. 
D) luxury good. 
E) inferior good. 
A) normal good. 
B) Giffen good. 
C) scarce good. 
D) luxury good. 
E) inferior good.

Question 4

If the ratio of those working to those retired increases it implies that "The World is Aging."

Accepted Answer

A) True 
 B)False

Question 5

Medicare helps only the neediest people, including many elderly people whose Medicaid benefits have run out.

Accepted Answer

A) True 
 B)False

Question 6

The following figure shows the demand (D)and supply (S)curves of human organs Figure 32.5   Which of the following factors might have led to a fall in the price of human organs from P2 to P3 in Figure 32.5?

Accepted Answer

A) A decline in supply of human organs in the black market 
B) An increase in demand for human organs 
C) Increased supply of alternatives to organs created by technological changes 
D) A restriction imposed by the government on trading in human organs 
E) Reduced motivation among the donors to donate their organs 
A) A decline in supply of human organs in the black market 
B) An increase in demand for human organs 
C) Increased supply of alternatives to organs created by technological changes 
D) A restriction imposed by the government on trading in human organs 
E) Reduced motivation among the donors to donate their organs

Question 7

Medicare is a federal program that provides health care for:

Accepted Answer

A) women. 
B) victims of AIDS, child abuse, and drug addiction. 
C) the elderly and disabled. 
D) the homeless. 
E) poor families who could not otherwise obtain health care. 
A) women. 
B) victims of AIDS, child abuse, and drug addiction. 
C) the elderly and disabled. 
D) the homeless. 
E) poor families who could not otherwise obtain health care.

Exam 53: Aging, Social Security and Health Care

The social security tax proceeds are often used to purchase government bonds.

The figure below shows the demand (AD)and supply (SS1)curves of medical care. Figure 32.4 Refer to Figure 32.4.If the third-party system now induces those people to avail medical care who were earlier not willing to avail it, the demand curve AD would:

Health care can be regarded as a(n):

If the ratio of those working to those retired increases it implies that "The World is Aging."

Medicare helps only the neediest people, including many elderly people whose Medicaid benefits have run out.

The following figure shows the demand (D)and supply (S)curves of human organs Figure 32.5 Which of the following factors might have led to a fall in the price of human organs from P2 to P3 in Figure 32.5?

Medicare is a federal program that provides health care for:

Economics: The World Around You

Choice, Opportunity Costs, and Specialization

Markets, Demand and Supply, and the Price System

The Market System and the Private and Public Sector

Elasticity: Demand and Supply

National Income Accounting

an Introduction to the Foreign Exchange Market and the Balance of Payments

Consumer Choice

Supply: The Costs of Doing Business

Unemployment and Inflation

Macroeconomic Equilibrium: Aggregate Demand and Supply

Profit Maximization

Aggregate Expenditures

Perfect Competition

Income and Expenditures Equilibrium

Monopoly

Fiscal Policy

Monopolistic Competition and Oligopoly

Antitrust and Regulation

Money and Banking

Market Failures, Government Failures, and Rent Seeking

Monetary Policy

Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles

Resource Markets

Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical

The Labor Market

Capital Markets

Economic Growth

Development Economics

the Land Market and Natural Resources

Aging, Social Security and Health Care

Globalization

Elasticity: Demand and Supply

Income Distribution, Poverty and Government Policy

World Trade Equilibrium

Consumer Choice

International Trade Restrictions

World Trade Equilibrium

Exchange Rates and Financial Links Between Countries

International Trade Restrictions

Supply: the Costs of Doing Business

Exchange Rates and Financial Links Between Countries

Profit Maximization

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Antitrust and Regulation

Market Failures, Government Failures, and Rent Seeking

Resource Markets

The Labor Market

Capital Markets

The Land Market and Natural Resources

Income Distribution, Poverty and Government Policy

World Trade Equilibrium

International Trade Restrictions

Exchange Rates and Financial Links Between Countries

Filters

The figure below shows the demand (AD)and supply (SS₁)curves of medical care. Figure 32.4 Refer to Figure 32.4.If the third-party system now induces those people to avail medical care who were earlier not willing to avail it, the demand curve AD would:

The following figure shows the demand (D)and supply (S)curves of human organs Figure 32.5 Which of the following factors might have led to a fall in the price of human organs from P₂ to P₃ in Figure 32.5?