Under a "cost-plus" system of hospital reimbursement, hospitals have the incentive to _____
a. minimize expenditures
b. purchase the most recent high-tech equipment
c. release patients early
d. shift away from more expensive surgeries
b
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Which of the following generation categories has the smallest population in the United States in 2015?
A) generation Y B) the baby boomers C) generation X D) the millennials
According to the Quantity Theory of Money (Chapter 3), the increase in the money supply from $39.7 billion in 1940 to $99.2 billion in 1945 should have fueled strong inflation. However, it did not because
(a) the World War II (1941–45) (WWII) economy was operating below full employment levels of production. (b) the WWII economy was operating at full employment levels of production. (c) the WWII economy was operating above full employment levels of production. (d) price controls prevented the surge in prices across the economy.
Which of the following statements concerning major cycles is incorrect?
a. major cycles are characterized by wide fluctuations in business activity b. the United States has experienced five major cycles since World War II c. severe recessions in major cycles result in widespread unemployment d. during major cycles, economic activity rises and falls relative to the long-term growth trend
Robbery reduces economic efficiency by
a. creating voluntary exchanges b. decreasing government spending c. increasing unemployment d. creating involuntary exchanges e. lowering the number of potential Pareto improvements