Because consumers who have insurance provided by their employers usually only pay a deductible for a visit to the doctor's office
A) employers have more incentive to allow employees time off for doctor visits.
B) doctors have less incentive to control their costs.
C) insurance companies have more incentive to approve medical procedures for their policy holders.
D) consumers have less incentive to visit the doctor's office on a more frequent basis.
Answer: B
You might also like to view...
One of the primary determinants of planned real investment spending is the
A) rate of real government spending. B) rate of real saving. C) expectation of future profits. D) rate of real consumption spending.
In a command economy, the __________ either makes most economic decisions itself or at least strongly influences how the decisions are made.
A. government B. market C. firm D. business sector
Explain why the amount that firms spend on advertising depends on the characteristics of their products
What will be an ideal response?
A regressive tax:
a. is designed to take a larger percentage of higher incomes as compared to lower incomes b. is designed in such a way that as a person's income rises, the amount of tax as a proportion of income rises. c. takes a greater proportion of the income of lower-income groups than of higher-income groups. d. is considered to be the most equitable type of tax.