A physician's ability to induce demand is greatly enhanced when:
a. patients request follow-up visits.
b. patients pay their own medical bills.
c. treatment options are limited.
d. patients have difficulty gathering and processing information.
e. the physician follows strict treatment guidelines.
d. patients have difficulty gathering and processing information.
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If you accept the rational expectations hypothesis as accurate, what would you tell monetary policy makers who ask you how to more effectively manage the economy?
A) Individuals do understand how monetary policy works, so consistency and predictability are the keys to effective policy making. B) Only unanticipated policies will be effective once individuals understand how monetary policy works. C) Consumers do not understand the workings of monetary policy, so discretionary and nondiscretionary policies are equally effective. D) Individuals base their economic expectations solely on current information, so repeating policy decisions that have worked in the past is the most effective path to take.
Give an example of an industry that would seek intellectual property rights protection because its product incorporates innovation and research
What will be an ideal response?
A business structure in which every partner is liable only for his or her own activities and at least partially liable for the partnership as a whole is known as a? __________.
A. general partnership B. corporation C. limited liability partnership D. sole proprietorship E. master limited partnership
Explain how the “Buy American” theme hurts Americans.
What will be an ideal response?