Most payments in the United States for goods and services are ...

[brutforce]

Most payments in the United States for goods and services are made using
 
  A) currency. B) traveler's checks.
  C) checking account deposits. D) gold.

Question 2

Refer to Figure 5-4. Answer the following questions:
 
  1. What would be the equilibrium price and quantity if consumers had to pay the full price of medical services?
  2. With insurance acting as a third-party payer, what price will consumers pay for medical service?
  3. With insurance acting as a third-party payer, what price will doctors receive for medical service?
  4. With insurance acting as a third-party payer, what will be the equilibrium quantity of medical services?
  5. With insurance acting as a third-party payer, what will be the value of the deadweight loss?

[quynhmickitran]

Answer to Question 1

C

Answer to Question 2

1.50; 400
2. 25
3. 70
4. 600
5. 4,500

[brutforce]

TYSM

[adammoses97]

Excellent