The predominate organizational form for U.S. hospitals is not-for-profit. Why?
a. The profit motive corrupts human behavior.
b. For-profit hospitals do not provide charity care.
c. Private not-for-profit hospitals engage in most of the medical research.
d. The not-for-profit form provides the most benefits to physicians.
e. All of the above.
D
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Table 7-4 ? 6 346 490 600 692 775 846 ? 5 316 448 548 632 705 775 ? 4 282 400 490 564 632 692 CAPITAL 3 245 346 423 490 548 600 ? 2 200 282 346 400 448 490 ? 1 141 200 245 282 316 346 ? 0 1 2 3 4 5 6 ? LABOR ? ? ? ? ? The production relationship in Table 7-4 indicates a process characterized by
A. decreasing returns to scale. B. constant returns to scale. C. increasing returns to scale. D. increasing then decreasing returns to scale.
The U.S. president convinces Congress to fund a national program to land astronauts on Mars. This action, all other things held constant, increases government spending and ______.
a. decreases net exports b. shifts the aggregate demand curve to the right c. causes movement along the aggregate demand curve d. increases consumer saving
Given that Sandy can produce 10 economics reports or 2 sales calls and Tim can produce 2 economics reports or 1 sales call, which of the following is FALSE?
A) Sandy has a comparative advantage in sales calls. B) Tim has a comparative advantage in sales calls. C) Sandy has a comparative advantage in economics reports. D) Sandy has an absolute advantage in both economics reports and sales calls.
What would happen in the market for rice if its demand increased but the price was NOT allowed to change?
A) There would be a surplus of rice. B) There would be a shortage of rice. C) The supply of rice would increase. D) The supply of rice would decrease.