Consumers usually pay less than the total cost of medical treatment because
A) a third party, usually an employer, often pays most of the bill.
B) competition forces doctors and hospitals to charge prices that do not cover their costs.
C) the federal government pays for most medical procedures.
D) a third party, usually an insurance company, often pays most of the bill.
D
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If a banker expects interest rates to fall in the future, her best strategy for the present is
A) to increase the duration of the bank's liabilities. B) to buy short-term bonds. C) to sell long-term certificates of deposit. D) to increase the duration of the bank's assets.
Although the chairman of its Board of Governors is appointed by the Treasury Department, the Fed operates with considerable independence from the executive branch of the government
a. True b. False Indicate whether the statement is true or false
A competitive firm's minimum supply price in the short run is its shutdown price
a. True b. False Indicate whether the statement is true or false
The least costly way to clean up the environment is for all firms to reduce pollution by an equal percentage
a. True b. False Indicate whether the statement is true or false