Investment in health care does bear similarities to investment in human or physical capital
a. True
b. False
Indicate whether the statement is true or false
True
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Whenever one variable increases, another variable decreases. The two variables are
A) definitely related through a third variable. B) negatively related. C) positively related. D) unrelated to each other.
Firms are encouraged by the profit motive to use inputs efficiently
a. True b. False Indicate whether the statement is true or false
One of the best examples of managed competition in practice is:
a. health maintenance organizations (HMO). b. consumer-directed health plans (CDHP). c. accountable care organizations (ACO). d. the Federal Employee Health Benefit Plan (FEHBP). e. preferred provider organizations (PPO).
Other things equal, the resource demand curve of an imperfectly competitive seller will:
A. lie below its marginal revenue product curve. B. be subject to increasing marginal productivity. C. be less elastic than that of a purely competitive seller. D. be more elastic than that of a purely competitive seller.