Health insurance plans which typically reimburse doctors and hospitals with payment for each service they provide are known as
A) single-health-payer systems. B) health maintenance organizations.
C) fee-for-service plans. D) preferred provider organizations.
C
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Assume that the research team of a major company is building a model of consumer demand that contains approximately 250 variables. Can you think of a principle that might be violated here that was discussed in chapter 1? Explain
What will be an ideal response?
________ rational expectations, ________
A) Most people have always formed; but macroeconomists have only recently come to recognize this fact B) Macroeconomists have invented; and are trying to teach them to the general public C) Policy makers have devised; in search of more effective policies D) The latest information is an important input in; so most people must make do with adaptive expectations
A profit-maximizing firm hires labor until
a. the price of output equals the price of labor. b. the price of output equals the marginal product of labor c. the real wage equals the marginal product of labor. d. the real wage equals the marginal product of labor multiplied by the price of output.
If we observe a decrease in the price of a good and a decrease in the amount of the good bought and sold, this could be explained by a(an):
a. increase in the supply of the good. b. increase in the demand for the good. c. decrease in the demand for the good. d. decrease in the supply of the good.