An increase in the excise tax on alcohol of $1 per liter:

a. will raise the price of alcohol by exactly $1 per liter.

b. will generate minimal tax revenues for the federal government.

c. coupled with a uniform drinking age nationwide would save lives.

d. will generate substantial revenues if demand is elastic.

e. will have no effect on alcohol consumption.

Which country has the highest health care spending as a percent of gross domestic product?

a. United Kingdom

b. Germany

c. Canada

d. Japan

e. Switzerland