A recent study of the Canadian health care system estimates that a significant portion of the difference between health care spending in the U.S. and Canada is due to age differences between the two populations. Other reasons for lower health care spending in Canada include:
a. comprehensive first dollar coverage for all medically necessary health care services.
b. better access to advanced medical imaging in Canada.
c. is the geographic isolation of much of the Canadian population, which is a natural deterrent to accessing medical services.
d. the monopsony power of the Canadian provincial health plans in negotiating fees with physicians' associations and other providers.
e. significant excess capacity of inpatient beds in the Canadian hospital system.
d. the monopsony power of the Canadian provincial health plans in negotiating fees with physicians' associations and other providers
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For Adam Smith, commercial society is characterized by
A) private property rights. B) specialization in production. C) voluntary exchange. D) all of the above.
In their calculation, concentration ratios take barriers to entry into a market into consideration
Indicate whether the statement is true or false
A labor union composed of workers in the same industry is called
A) a craft union. B) an industrial union. C) a company shop. D) a guild.
An example of an implicit cost of production is: a. the cost of leather used in manufacturing furniture
b. the opportunity cost of space in your home that is used for a home office. c. the wages paid to high school students that work in a fast-food restaurant. d. none of the above.