The government's policy of reducing payments for physicians' services has generated a relative
A) increase in the number of physicians in the program.
B) reduction in the number of physicians in the program.
C) reduction in the demand for medical services.
D) increase in the income of the physicians remaining in the program.
B
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Gross domestic product is the
A) value of the final goods and services produced in a country during a specific time. B) total amount that buyers spent on the final goods and services produced in a country during a specific time. C) total amount of income earned in producing the final goods and services in a country during a specific time. D) All of the above answers are correct.
An important role of financial institutions is to
A) provide borrowers with low interest rates. B) provide information to lenders about the quality of financial claims issued. C) buy primary securities. D) control the money supply.
The services of real estate brokers are provided in a competitive market. If the state Board of Realtors enacts several requirements that limit the number of real estate brokers, then social welfare will most likely
A) not change but there will be a transfer from consumer to producer. B) not change but there will be a transfer from producer to consumer. C) decrease although producers are made better off. D) decrease although consumers are made better off.
If corporations have their choice, they will prefer to invest using
A. revenue from the sale of stocks. B. revenue from the sale of bonds. C. plowback. D. money borrowed from the bank.