Survey results indicate that support for the British National Health Service is quite strong:
a. even though a significant number of those surveyed are less concerned about equal access to care and more concerned about the quality of their own care.
b. due to the narrowing of health inequalities across socioeconomic groups since its inception.
c. with widespread support of the functioning of the National Institute of Health and Clinical Excellence (NICE), that guarantees medical treatment to all segments of the population regardless of cost or efficacy.
d. even though the majority of those surveyed feel the quality of care would improve if patients could spend their own money for rationed services.
e. because of reductions in the length of time that patients must wait for elective surgeries.
d. even though the majority of those surveyed feel the quality of care would improve if patients could spend their own money for rationed services.
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A consequence of increasing marginal costs of producing digital music players in Japan is
A) Japan will stop short of complete specialization in the production of digital music players. B) Japan will likely impose trade restrictions on imported digital music players. C) Japan will not export digital music players. D) Japan will import digital music players from countries that don't experience increasing marginal costs.
The use of "most-favored-customer" clauses is an example of
A) incenting members to maintain the cartel, because if they lower the price for one customer, they have to lower it for previous customers as well. B) incenting members to maintain the cartel, because if they raise the price for one customer, they have to raise it for previous customers as well. C) giving customers special perks for purchasing goods from members of the cartel. D) selling higher quality goods and services to favorite customers.
Without price discrimination, a firm
A) faces a tradeoff when pricing a good that has customers with different willingness to pay. B) cannot maximize profit. C) has no market power. D) does not get any producer surplus, with all of the surplus going to consumers.
The Celler-Kefauver Act strengthened the nation's antitrust approach to merger enforcement by:
a. making all mergers illegal. b. making all conglomerate mergers illegal. c. creating the Federal Trade Commission. d. providing HHI guidelines the government could use to clarify antitrust enforcement. e. amending the Clayton Act to include the purchase of assets with cash of another company as a potential antitrust violation.