The cost disease of services explains the problems surrounding the health care crisis
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
For each pair of items below determine which product would have the higher price elasticity of demand (in absolute value)
a. Insulin for a diabetic or aspirin for someone suffering a headache. b. A new Whirlpool 27 cu.ft. side-by-side refrigerator or electricity to power your all-electric home. c. A can of Red Bull or soft drinks in general.
When firms enter a market, the supply increases and price:
A. falls and profits increase. B. increases and profits decrease. C. falls and profits decrease. D. increases and profits increase.
On a production possibility frontier, the idea that production and consumption are limited is expressed by
A) the rate at which the frontier slopes downward B) the rate at which the frontier slopes upward C) the items on the X and Y axes D) the frontier itself
A payday loan company has decided to open several new locations in the city. To decide where to open these locations it hires consultants and pays them per store opened. At the end of the quarter, the company notices a many of the new stores' sales volume fail to meet expectations. To incentivize the consultants to instead focus on opening profitable stores, the company decided to alter the
compensation to a percentage of the profit earned per new store. This puts the consultants a. In a less risky position b. A more risky position c. In risk neutral position d. None of the above