A surgeon raises his charge from $5,000 to $6,000. His contract with your insurer sets an allowed fee of $3,000. You are responsible for 25% of the allowed fee.

What will be an ideal response?


Your responsibility does not change.

Economics

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The welfare cost of taxation is identical to the excess burden of taxation

a. True b. False

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Approximately how often does the Federal Open Market Committee meet?

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What is the determining factor of the market mechanism?

A.) The price of the good. B.) The government. C.) The presence of foreigners. D.) None of the above is true.

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If an economy produces 2,000 units of output with a price level of $1 and the money supply (M) is $1,000, velocity is:

A. 2. B. 5. C. 500. D. 50.

Economics