This study was the catalyst for the early 20th century reform of medical education in the United States. What was it?
a. Coolidge Commission.
b. Hill-Burton Committee.
c. Mangrum Report.
d. Flexner Report.
e. Kaiser Foundation Study.
D
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The people of the Island of Yap used stones as a general medium of exchange. Therefore,
A) their economic system was based upon barter. B) their stones served as money. C) they had no price system, because prices can't be measured with stones. D) inflation was impossible.
A firm maximizes profit by operating at the level of output where
A) average revenue equals average cost. B) average revenue equals average variable cost. C) total costs are minimized. D) marginal revenue equals marginal cost. E) marginal revenue exceeds marginal cost by the greatest amount.
The reason that you don't drink five cups of coffee at breakfast is that
a. the marginal utility of extra cups of coffee eventually diminishes b. most people cannot afford five cups c. the total utility of coffee rises as you consume more cups d. the price of coffee rises as you buy more cups e. the marginal satisfaction derived from cups of coffee remains constant
An unexpected increase in the supply of money will
a. reduce the real rate of interest and, thereby, trigger an increase in current spending by households and businesses. b. reduce aggregate demand and real output in the short run. c. increase only the general level of prices in the short run. d. lead to a higher rate of unemployment in the short run.