Which type of managed care organization has the strictest cost control features?
a. IPA
b. Group-model HMO
c. PPO
d. POS plan
e. Closed-panel HMO
e. Closed-panel HMO
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National saving is equal to Y - T - C
a. True b. False Indicate whether the statement is true or false
What statement best describes the relationship between average monthly water bills and precipitation levels in the United States?
a. Water bills are clearly higher where precipitation is lowest b. Water bills are clearly higher where precipitation is highest c. Water bills are mostly unrelated to precipitation levels d. Water bills are linked to precipitation only in Eastern cities e. Water bills are linked to precipitation only in Western cities
The price of a phone call at a pay phone was 5 cents in 1950 and the price of a first-class stamp was 3 cents. In 2016, the pay phone costs 50 cents for a call and a first-class stamp costs 47 cents. We know that
A) both the nominal and the relative price of phone calls increased from 1950 to 2016. B) both the nominal prices of phone calls and first-class stamps increased from 1950 to 2016, but the relative price of stamps increased and the relative price of phone calls decreased from 1950 to 2016. C) all prices increased from 1950 to 2016: Nominal prices of phone calls, first-class stamps, and the relative prices of phone calls and first-class stamps. D) both the nominal prices of phone calls and first-class stamps increased from 1950 to 2016, but we can't tell if the relative prices increased or decreased without more information.
With reference to the difference between a change in demand and a change in quantity demanded, which of the following is TRUE?
A) If a good's price goes down, then demand for the good will decrease. B) If a good's price goes down, then quantity demanded will increase. C) If demand increases, then the demand curve will shift to the left. D) If price rises and quantity demanded decreases, then the demand curve will shift to the left.