One of the challenges for development economists working in health care is to figure out a way to:
A. force families to make better health care choices.
B. alter the educational system in order to mandate that a certain number of students go into healthcare fields.
C. influence markets in order to keep the costs of healthcare lower.
D. give doctors the right incentives to practice good medicine.
Answer: D
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If the market price of a product increases, then the total
A) consumer surplus will decrease. B) consumer surplus will increase. C) revenues of sellers will definitely increase. D) revenues of sellers will definitely decrease.
What are the three stages of constructing the CPI?
What will be an ideal response?
Textbook publishers hope to maximize profits. Authors, however, face very different incentives. Authors are typically paid royalties, which are a specified percentage of total revenue from the sale of a book
And so, for example, if an author's contract says that she will receive 20 percent of the revenues from the sale of a text and the publisher's total revenues are $100,000, the author's royalties will be $20,000 . Who will prefer a higher price for the text, the publisher or the author?
Which of the following increases labor productivity?
A) decreases in the availability of computers and factory buildings B) a decline in the health of the population C) inventions of new machinery, equipment, or software D) an increase in the aggregate hours of work