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When comparing the distribution of wealth to the distributio

Paper help Economics When comparing the distribution of wealth to the distributio

Economics

When comparing the distribution of wealth to the distributio

When comparing the distribution of wealth to the distribution of income it can be n… Show more Question 1 When comparing the distribution of wealth to the distribution of income it can be noted that Question 1 options: wealth does not generate income. the measurement of income is much less accurate than the measurement of wealth. the measurement of wealth is much less accurate than the measurement of income. the distributions are about the same. Question 2 Which of the following is not a true statement about the Lorenz curve? Question 2 options: The Lorenz curve includes both money income and income in kind. The Lorenz curve does not consider different sizes of households. The Lorenz curve does not consider age differences among wage earners. The Lorenz curve does not include unreported income obtained from the underground economy. Question 3 Which of the following is not a determinant of an individual’s marginal value product? Question 3 options: Educational level Experience Talent Money income Question 4 The money received by elderly on Social Security comes from Question 4 options: interest off the total contributions the retired made while they were working. trust funds that were created with the contributions the retired made while they were working. social security taxes of people who are working now. investments made by the federal government, although the investments tend to be unrelated to the contributions made by the elderly. Question 5 Which of the following is not a reason for rising health care expenditures in the United States over the last 40 years? Question 5 options: Third-party financing of health care expenditures Technological change Aging of the population Discovery of new diseases Question 6 Changes in the Lorenz curve since 1929 in the United States indicate that Question 6 options: the distribution of income today is identical to what it was in 1929. the distribution of income is slightly less equal today than in 1929. the distribution of income is slightly more equal today than in 1929. the distribution of income is much more equal today than it was in 1929. Question 7 An impact of higher malpractice insurance in the healthcare industry is Question 7 options: to reduce the number of providers of certain healthcare services. to increase the average cost of care. Both A and B are correct. None of the above is correct. Question 8 Rising healthcare costs are attributable to Question 8 options: people living longer and needing greater care. third-party financing of healthcare costs. reliance on expensive technology to support and prolong life. all of the above None of the above accounts for rising healthcare costs. Question 9 An example of third-party financing of health care is Question 9 options: patients not going to the doctor in order to save money. a patient going to another doctor for a second or a third opinion. Medicare. patients paying for their visit to the doctor. Question 10 One problem with third-party financing of health care is that Question 10 options: it discourages people from relying on their physicians’ advice in making health care decisions. it reduces the quality of health care people receive. people have more incentive to utilize health care. demand falls so that suppliers cannot take advantage of economies of scale. • Show less

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