A Health Maintenance Organization is _____
a. a multi-doctor office
b. a type of pre-paid health care
c. a series of specialty hospitals
d. increasingly rare
b
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One of the principles behind the concept of the circular flow is that
A) in every economic exchange, the seller receives exactly the same amount that the buyer spends. B) in every economic exchange, the seller receives less than the amount that the buyer spends. C) in exchange involving products, the seller receives less than the amount the buyer spends, but in resource markets the seller receives more than the buyer spends. D) the seller of goods receives exactly the same amount that the buyer spends, but the seller of resources receives less than the buyer spends.
The opportunity cost of holding money increases when
A) the purchasing power of money rises. B) the nominal interest rate rises. C) the price level falls. D) consumers' real incomes increase.
Aggregate demand shifts right if at a given price level
a. taxes rise and shifts left if the money supply increases. b. taxes rise and shifts right if the money supply increases. c. taxes fall and shifts left if the money supply increases. d. taxes fall and shifts right if the money supply increases.
The Interstate Commerce Commission (ICC) was established in 1887 to regulate:
A. banking. B. railroads and all surface transportation. C. nationwide advertising. D. interstate sales of food and drugs.