Producers play a disproportionately large role in influencing public regulation because they have a strong interest in matters that affect their specialized source of income
a. True
b. False
A
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A prepaid hospital plan created by BaylorHospital for a group of Dallas public school teachers in 1929 is considered the forerunner of what was later called
a. managed care. b. Blue Cross. c. Blue Shield. d. the health maintenance organization. e. major medical insurance.
Compliance with wage and price controls by unions and businesses is strictly voluntary
a. True b. False Indicate whether the statement is true or false
Which of the following is a possible explanation for the shift of the production possibilities curve illustrated?
a. an increase in the number of idle factories b. a technological advance that affects only bicycle production c. a technological advance that affects both pizza and bicycle production d. a decrease in the quantity of labor available due to emigration
Entrepreneurs
A. receive most of their income through inheritance. B. receive interest payments for their services. C. take risks in order to earn profits. D. are unemployed except during economic boom periods.