Question

#4

A simplifying assumption is typically made so far to

a) make a point clearer by stripping away excess detail

B) divert attention from the real problem

C) make things look better than they really are

D) make a point clearer by adding sufficient detail to get things precise

#30

Publicly provided health insurance for the poor will.

a) increase the total amount of health care consumed

b) lower the price of health care to the non-poor and increase the total amount of health care consumed

C) lower the price of health care to the non-poor

d) raise the level of health care consumed by the non-poor

#31

Points on the production possibilities frontier are

A) both attainable and understand

B) associated with some unemployment

C) unattainable

D) attainable

# 24

Medicaid covers

A) only procedures performed in doctors office

B) nearly all procedures except abortions, cosmetic surgeries, and weight loss and hair growth drugs

C) all procedures performed by doctors

D) only procedures performed in hospitals

Answer 1

#4
A simplifying assumption is typically made so far to:
(a) make a point clearer by stripping away excess detail
Explanatio - Simplified assumptions are made so that the important details are made clear and the problem is accurately focused.

#30
Publicly provided health insurance for the poor will:
(a) increase the total amount of health care consumed
Explanation - Since the rich are already insured, publicly provided health insurance for the poor will increase the overal consumption of health care.

#31
Points on the production possibilities frontier are
(D) attainable
Explanation - All the points on and inside the production possibilities frontier are attainable.

#24
Medicaid covers:
(B) nearly all procedures except abortions, cosmetic surgeries, and weight loss and hair growth drugs
Explanation - Medicaid covers all the long term medical costs. However, it does not cover comestic surgeries, beauty treatments, etc.