Which of the following statements is true concerning the trend in hospital care between inpatient and outpatient services since the mid-1980s?
a. Both have been declining.
b. Outpatient services have been growing while inpatient services have been declining.
c. Outpatient services have been declining while inpatient services have been growing.
d. Both have been growing.
e. There has been no noticeable trend in either inpatient or outpatient services.
c. Outpatient services have been declining while inpatient services have been growing.
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According to benefit-cost analysis
a. identification of the “acceptable” risk level is based on the criterion of allocative efficiency b. the efficient risk level is found where the MSB and MSC of risk reduction are equal c. the risk level associated with the maximum difference between TSB and TSC of risk reduction is allocatively efficient d. all of the above e. none of the above
The MPC is
A. .1.
B. .2.
C. .3.
D. .4.
Which of the following provides a strong incentive to supply dollars on the foreign exchange market?
A. To invest in U.S. assets B. To take advantage of higher inflation rates in other countries C. To purchase goods and services produced abroad D. To get a lower return paid on foreign currencies that is not subject to the risk associated with exchange-rate fluctuations
Which conditions must hold if a firm is to successfully engage in price discrimination?
A. It must be extremely difficult, if not impossible, for one consumer to resell a product to another. B. Firms must have a sufficiently low amount of market power. C. Consumers must have very similar preferences for the product. D. All of these are correct