The dominant factor affecting medical care delivery and finance in the 1980s was
a. the Hill-Burton Act.
b. prospective payment for hospitals.
c. creation of Medicare and Medicaid.
d. the explosive growth of managed care.
e. ERISA.
B
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When you buy newly-issued shares of Twitter stock, this transaction takes place in the
A) bond market. B) bear market. C) primary market. D) secondary market.
Paying a person a lower wage or excluding a person from an occupation on the basis of an irrelevant characteristic such as race or gender
A) violates federal comparable worth laws. B) can be explained by negative feedback loops. C) creates differences in wages that economists call "compensating differentials." D) is economic discrimination.
If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in one year?
A) $105,000 B) $110,000 C) $100,000 D) $102,000
Ken's Lawn Service Co operates in a perfectly competitive market. Why doesn't Ken try to increase his revenue by lowering his price below the prevailing market price?
a. He can sell as much as he wishes to at the market price. b. He faces a perfectly inelastic demand curve, so a price change will have no impact on revenue. c. Government regulations prevent it. d. If he lowers his price, he will lose all his sales since he faces a horizontal demand curve. e. Agreements with other lawn service companies require him to sell at the market price.