What is the motivation behind the cost-control features of managed care?
a. To ensure access to specialty care through general practitioner gatekeepers.
b. To influence the way physicians practice medicine by changing the financial incentive structure of medical care delivery.
c. to shift the financial risk onto patients.
d. to eliminate all the guesswork from diagnoses by establishing practice guidelines.
e. to create competition by providing patients with a wide range of providers.
B
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The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, what area is equal to the producer surplus?
A) area A B) area B C) area C D) area D E) area E
The total utility from three skirts is
A) three times the marginal utility of the third skirt. B) three times the price of a skirt. C) three skirts divided by total income. D) the sum of the marginal utility of the first skirt plus the marginal utility of the second skirt plus the marginal utility of the third skirt.
Which firm in an industry is likely to have higher profits?
a. Sellers with higher costs than their competitors b. Sellers with lower costs than their competitors c. Sellers with the same costs as their competitors d. All of the above
A company in Panama pays for a U.S. architect to design a factory building. By itself this transaction
a. increases U.S. exports and so increases the U.S. trade balance. b. increases U.S. exports and so decreases the U.S. trade balance. c. increases U.S. imports and so increases the U.S. trade balance. d. increases U.S. imports and so decreases the U.S. trade balance.