Prospective payment in the hospital sector
a. resulted in the hospital keeping any surplus payment.
b. resulted in the hospital absorbing any loss from the payment.
c. changed the incentive structure completely.
d. all of these are true.
D
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In the above figure, if the market is unregulated, the equilibrium quantity is
A) 0 units. B) 70 units. C) 80 units. D) 100 units.
Answer the following statements true (T) or false (F)
1. Changes in the level of inventories are an internal force in the economy’s cyclical movements. 2. Cost changes generally lag behind price changes during the business cycle. 3. A recession occurs whenever there’s a decline in real GDP for two or more successive quarters. 4. Involuntary inventory accumulation may occur during the contracting phase of the business cycle. 5. Psychological forces have no effect on business fluctuations.
When the Fed decreases the discount rate, banks will
a. borrow more from the Fed and lend more to the public. The money supply increases. b. borrow more from the Fed and lend less to the public. The money supply decreases. c. borrow less from the Fed and lend more to the public. The money supply increases. d. borrow less from the Fed and lend less to the public. The money supply decreases.
Production Possibility Schedules for Two South Pacific Island NationsKiribatiTuvaluMangoesCoconutsMangoesCoconuts30001,20002004008001,2001008004002,40001,20003,600A comparative advantage in the production of coconuts is held by:
A. neither country. B. both countries. C. Tuvalu. D. Kiribati.