The Congressional Budget Office estimates that ________ account(s) for less than 1 percent of health care costs in the United States
A) the payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance
B) advances in medical technology
C) uninsured patients receiving treatment in hospital emergency rooms that could have been provided less expensively at doctor's offices
D) the aging population
A
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Answer the following statements true (T) or false (F)
1. If a nation is producing a combination of goods inside its production possibilities curve, it is underutilizing its resources. 2. A nation’s production possibilities curve can be shifted outward by technological development. 3. A production possibilities curve will shift outward when additional resources are found. 4. Because of the high level of output in the United States, there is little need for choosing among alternative output combinations.
Policy that tries to influence target variables by changing the interest rate is called
A) fiscal policy. B) interest rate policy. C) recession policy. D) monetary policy.
Economic theory predicts that a profit maximizing car rental agency with some market power would set its prices in what way?
a. Charge the same for both weekday and weekend rentals. b. Charge more for weekend rentals and less for weekday rentals. c. Charge more for rentals during the week and less for weekend rentals.
A firm that shuts down in the short run experiences losses equal to its
A) total fixed costs. B) average variable costs. C) total variable costs. D) total variable costs minus its total fixed costs.