MHA 710 Economics EXAMS BUNDLE |Quizzes with Complete verified Solutions

Which of the following statements is true about the Medicaid program? a. The majority of total outlays are for the elderly and disabled. b. Eligibility standards are uniform across all states. c. Everyone in the poverty-level population is eligible for benefits. d. Federal tax revenues provide 1...

Which of the following is the best synonym for "marginal" in economics? - ANSWER additional A recurring theme in economics is that people - ANSWER Have unlimited wants, but limited resources. As a consequence of the problem of scarcity: - ANSWER Individuals have to make choices from among alt...

Economics is best defined as the study of how to run a business most profitably. True or False. - ANSWER False Exhaust from a factory that increases health risks for people living near the factory is an example of an externality. True or False. - ANSWER True In 2008 and 2009, the U.S. economy ex...

because resources are scarce, what are the 3 important questions to ask - ANSWER 1- WHAT shall we produce (or not) 2- HOW shall we produce it 3- WHO gets what produced cost - ANSWER the value of a resource in its next best use marginal or incremental cost - ANSWER the cost of producing an addit...

Research indicates that the 2014 expansion of Medicaid has led to a number of unintended consequences including: - ANSWER higher per capita spending on the expansion population than anticipated. Of the four categories of the Medicaid-eligible population, which of these could benefit by opening u...