Which of the following statements is true about cost shifting in hospitals?
a. The positive correlation coefficient between cost-to-payment ratios for various payers indicates that cost shifting is taking place.
b. Classic Ramsey pricing can be interpreted in different ways, leading researchers into arguing that if it looks like cost shifting, it probably is cost shifting.
c. Regardless of payer mix, hospitals are taking full advantage of their bargaining power with payers who are able to cost shift.
d. The ability to cost shift depends on a hospital's payer mix.
e. Capacity-constrained medical providers are not able to cost shift.
d. The ability to cost shift depends on a hospital's payer mix.
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The circular flow diagram indicates that
A) households sell the services of factors of production to firms. B) firms buy the services of factors of production from the government. C) households sell goods and services to the government. D) firms buy goods and services from households.
When economic growth in a large country lowers its willingness to trade, it can result in
A. an improvement in the country's terms of trade. B. the Dutch Disease. C. immiserizing growth. D. a biased growth.
Which of the following is NOT an inference of the rational expectations hypothesis?
A. Government policy actions that are anticipated have no real effects in the short run. B. Government policy actions have no real effects in the short run unless the actions are unanticipated. C. Government policy actions have no real effects in the long run. D. Government policy actions that are unanticipated have no monetary effects in the short run.
The city of Hope has a labor force of 1000. Twenty people lose their jobs each month and remain unemployed for exactly one month before finding jobs. On January 1, May 1, and September 1 of each year, 50 people lose their jobs for a period of four months before finding new jobs. What is the unemployment rate in any given month?
A. 2% B. 7% C. 3% D. 5%