Generally, managed care means

A. health care is provided by teams, not by an individual doctor.
B. limits are placed on utilization of health care services.
C. health care is provided by the government to all citizens.
D. doctors pick which patients they want to see.


B. limits are placed on utilization of health care services.

Economics

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When there is a surplus in the market, the quantity sold is

A) equal to the quantity supplied. B) equal to the quantity demanded. C) less than the quantity demanded. D) greater than the quantity bought.

Economics

Anna's Antiques expects to get two bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. If Anna holds an auction between the two bidders, and both the bidders have low values, she would earn ___ from the auction

a. Just above $100 b. $100 c. Just above $70 d. $70

Economics

All of the following conditions must exist for the median-voter theorem to hold except that:

A. there is a single one-dimensional policy question. B. candidates win by majority vote. C. there are only two candidates. D. the policy being voted on must be uncontroversial.

Economics

By making involuntary exchanges illegal,

a. criminal law eliminates such exchanges b. tort law contributes to economic efficiency c. criminal law channels energies into activities that benefit everyone d. criminal law reduces producer surplus while increasing consumer surplus e. antitrust law contributes to monopolization of markets

Economics