Question

In: Economics

Question 1 Defense procurement reform, which accompanied hopes for a peace dividend, encouraged the development of...

Question 1

Defense procurement reform, which accompanied hopes for a peace dividend, encouraged the development of

1.

dual-use technologies.

2.

the Strategic Defense Initiative.

3.

the Commission on Base Realignment and Closure.

4.

fixed-fee contracts.

Question 2

Which group of workers is not under compulsory coverage by social security?

1.

New federal employees

2.

Domestic workers

3.

State and local government employees.

4.

Farm workers

Question 3

The term cost shifting refers to shifting

1.

costs from uncompensated care offered to the uninsured onto the insured.

2.

b. health care costs from employers to employees through offering health care benefits.

3.

insurance from more expensive fee-for-service to less expensive health maintenance organizations.

4.

health care costs from the government onto private insurance companies.

Question 4

The FDIC was created to

1.

Give depositors confidence in their banks.

2.

Help with tax collection.

3.

Provide the government with all the accounting of banks in the US.

4.

Assist in funding the Social Security System.

Question 5

Medicaid is a program that directly benefits the

1.

middle class.

2.

poor.

3.

elderly.

4.

upper income groups.

Solutions

Expert Solution

1. Option A

Dual use goods are products and technologies normally used for civilian purposes but which may have military applications. In politics, diplomacy and export control, "dual-use" refers to technology that can be used for both peaceful and military aims.

2.Option B

Due to the a typical characteristics of domestic work, workers are considered a “difficult-to-cover” group by social security; it is estimated that globally 90 per cent of domestic workers are legally excluded from social security systems.

3. Option A

Cost shifting occurs when a hospital or other health-care provider charges an insured patient more than it does an uninsured patient for the same procedure or service. Those with health insurance, in effect, pay for the financial loss hospitals incur when they provide services to those without insurance.

4.Option A

The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy .

5 Option B

Increasing access to Medicaid for families may be one way to reduce poverty. Research shows that Medicaid helps pull families out of poverty by providing access to affordable health coverage and lowering out-of-pocket costs.


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