D Question 6 1 pts Renewable energy would have been unlikely to become cost competitive without government subsidies O True O False D Question 7 1 pts Taxes can be a way of providing information to consumers O True O False D Question 8 1 pts The present value of expected lifetime earnings for people whose lives are expected to be saved is a good parameter to use in assessing the benefits of a medical intervention O True O False D Question 9 1 pts The value of a statistical life year is typically calculated from value of a statistical life estimates by assuming the average value of a statistical life by assuming the value of a statistical life is based on how many years of life remaining: O 35 O 55 O 40 O 15 O 70 30 D Question 10 1 pts Which one is not a benefit of publicly provided universal and compulsory health care Without public provision, only high risk people want to buy insurance O with everyone insured, the average risk is lower under compulsory and universal insurance compared to private provision of health insurance government can influence the prices set by the health suppliers due to its monopsony power Under public provision, government can monitor individuals' hidden risk characteristics and hidden actions