A group of physicians that provides medical services to members for a fixed annual fee is termed a:
A. fee-for-service plan.
B. partnership.
C. health management organization.
D. health maintenance organization.
Answer: D
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Which principle states that as the production of one good expands, the opportunity cost of producing another unit of this good generally increases?
A. Principle of total cost B. Principle of increasing cost C. Principle of opportunity cost D. Principle of increasing marginal utility
In the Keynesian model, an aggregate demand shock
A) will cause the aggregate demand curve to shift, leading to a change in the price level and real GDP. B) will cause the aggregate demand curve to shift, leading to a change in the price level but not real GDP. C) will cause the aggregate demand curve to shift, leading to a change in real GDP but not the price level. D) will not lead to a shift of the aggregate demand curve.
The problem of inconsistent standards across nations can be managed by:
A. consumers making voluntary purchasing decisions. B. policymakers making blanket standards imposed on all imports. C. policymakers making explicit laws about imports for specific countries. D. All of these are true.
Refer to Table 8.2. If Sherry produces three pairs of earrings, her total variable costs are A) $26.67. B) $140. C) $175. D) $225