One of the primary reasons that costly technology is being introduced into the health care system is:
a. third-party insurance finances most of the cost of care.
b. high cost is synonymous with better outcomes.
c. better access to technology, especially diagnostic imaging, results in lower spending.
d. research scientists have successfully mapped the human genome.
a. third-party insurance finances most of the cost of care.
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The aging of the U.S. population has tended to ________ spending on health care, and the development of new drugs and medical equipment has tended to ________ spending on health care
A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease
International dependence theories distinguish between two groups of countries known as
a. rich-poor. b. developed-developing. c. center-periphery. d. independent-dependent.
The high cost of advertising and promoting a new product in a market dominated by well established brands cannot be recovered if the product fails. The prospect of risking the loss of hundreds of millions of dollars on a failed consumer product can serve as a considerable barrier to entry
Indicate whether the statement is true or false
Limit pricing occurs when a firm sets price:
A. equal to marginal cost. B. equal to average cost. C. at different amounts for different groups of consumers. D. so low that other firms are prevented from entering the market.