Money is considered to be a factor of production.
a. true
b. false
Ans: b. false
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The health maintenance organization that contracts with individual physicians or group practices to provide care for a specified group of enrollees is called
a. a group-model HMO. b. a staff-model HMO. c. a network-model HMO. d. an IPA. e. a direct-contract HMO.
The point of maximum profit for a business firm is where:
a. P = AC. b. TR = TC. c. MR = AR. d. MR = MC. e. TR = MR.
Sonia has a BAin art history, and is currently working full-time as a waitress. The Bureau of Labor Statistics would count Sonia as:
A. employed. B. underemployed. C. unemployed. D. a discouraged worker.
A decrease in both equilibrium price and quantity could be produced by a(n)
a. decrease in supply, with demand constant b. increase in supply, with demand constant c. decrease in demand, with supply constant d. increase in demand, with supply constant e. improvement in technology