________ account(s) for between 1 and 4 percent of health care costs in the United States
A) The aging population
B) Uninsured patients receiving treatments at hospital emergency rooms that could have been provided less expensively at doctor's offices
C) The payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance
D) Advances in medical technology
Answer: B
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If the economy of Gwondanaland is growing more rapidly than the economy of Japan, most likely
A. Japan has more current investment than Gwondanaland. B. Japan has more government spending than Gwondanaland. C. Japan spends more on capital goods than Gwondanaland. D. Gwondanaland has lower current consumption than Japan. E. Gwondanaland has lower current investment than Japan.
Price floors are illegal in the United States
Indicate whether the statement is true or false
If the British pound appreciates from $0.50 per pound to $0.75 per pound, the U.S. dollar depreciates from ________ per dollar to ________ per dollar
A) £2; £2.5 B) £2; £1.33 C) £2; £1.5 D) £2; £1.25
An adverse supply shock results in an increase in the price level and an increase in Real GDP
Indicate whether the statement is true or false