In: Economics
Which of the following best describes a cap-and-trade system?
It reduces carbon dioxide emissions without government intervention by rewarding companies that self-regulate to remain competitive. |
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It rewards states for enacting stricter environmental standards than required by the national government. |
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It restricts fossil fuel industry lobbyists from making campaign contributions, thereby allowing members of Congress to vote for climate change regulations without fear of electoral consequences. |
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It limits emissions and uses market-based incentives for businesses to more efficiently use energy. |
he U.S. health care system tends to emphasize __________.
reductions in health care costs |
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advances in medical technology |
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reductions in administrative costs |
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equality of care |
How is Medicaid funded?
The federal government pays for more than half; the states pay for the rest. |
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Medicaid is funded entirely by user premiums. |
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Payroll taxes cover about half of the costs; sales taxes pay for the rest. |
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Doctors end up covering most Medicaid costs in exchange for generous reimbursement rates for Medicare patients. |
What is the Superfund?
a fund to reduce carbon emissions |
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a fund to explore domestic energy sources |
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a fund to cover those without health insurance |
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a fund to clean up hazardous waste sites |
What is the potential for renewable energy to contribute to the U.S. energy supply in the foreseeable future?
Renewable energy cannot play an expanded role because it already contributes a lot. |
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Renewable energy is unlikely to play a significant role. |
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Renewable energy is likely to enhance domestic energy supplies considerably. |
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Renewable energy has a modest potential for transportation fuels but a great potential for electricity generation. |
Which statement accurately describes health care spending in the United States?
The United States spending about $3.5 million every year on health care, accounting for about 1.8 percent of the gross domestic product. |
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High health care spending helps to explain why the United States has such low infant mortality rates. |
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A higher percentage of the U.S. population has health insurance than in any other country with a developed economy. |
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The United States spends a greater share of its wealth on health care than does any other country. |
1,Which of the following best describes a cap-and-trade system?
- It reduces carbon dioxide emissions without government intervention by rewarding companies that self-regulate to remain competitive.
(Companies are taxed if they emit a higher level of emissions than the permits allow. Companies within the limit can sell these permits to other companies also.)
2.The U.S. health care system tends to emphasize __________.
- advances in medical technology
(The US invests 0.6% of GDP in research which is one ogf the highest ratios in the world in developing newer techniques and technology)
3.How is Medicaid funded?
- The federal government pays for more than half; the states pay for the rest.
(The Medicaid program covers 5 around 55 million low-income Americans and is funded as a joint partnershiop of the federal and state government)
4.What is the Superfund?
- a fund to clean up hazardous waste sites
(The United States federal Superfund law is known as the the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.)
5.What is the potential for renewable energy to contribute to the U.S. energy supply in the foreseeable future?
- Renewable energy is likely to enhance domestic energy supplies considerably.
(Renewable energy is speculated to increase multiple fold in the upcoming decade in the US. Preliminary data suggests renewable energy accounted for about 11% of total primary energy consumption)
6.Which statement accurately describes health care spending in the United States?
- The United States spends a greater share of its wealth on health care than does any other country.
(In 2018, the U.S. spent 16.9 percent of GDP on health care, which is almost twice of the OECD country.)
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