What actions has government taken to improve buyer information in the market for surgery?
Please provide the best answer for the statement.
Finding reliable and accurate information about surgeons is made easier through government licensing of surgeons. Surgeons must complete medical school and go through extensive testing and training before they are awarded a medical license that gives them authorization to conduct surgeries on patients. The training and licensing process provides the consumers of health care with inexpensive information about the qualifications of a surgeon.
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Suppose two neighbors share a park. One neighbor, Al, leaves trash in the park. This bothers the other neighbor, Bert. According to Coase's theorem, one necessary condition to alleviate the externality is that
A) Al is fined by the government. B) Al has the right to leave trash and Bert cannot do anything about it. C) Bert has the right to a clean park and Al cannot leave trash. D) Either Al or Bert owns the park.
A restaurant offers an "all you can eat" meal for $9 . Tyrone has eaten three servings and is trying to decide whether or not to go back for a fourth. The economic way of thinking suggests that Tyrone should go back for the fourth serving if and only if
a. his marginal benefit of the additional serving is greater than zero. b. his marginal benefit of the additional serving is at least $3. c. his marginal benefit of the additional serving is $9 or more. d. his total value from the meal exceeds $9.
Increases in government expenditures and large budget deficits are projected for 2014-2020 . If strong growth is observed during this decade, this would be most consistent with
a. the Keynesian view. b. the supply-side view. c. the crowding-out effect. d. the new classical theory.
An increase in the equilibrium price of Japanese yen per dollar could be caused by a(n):
A. increase in the general level of prices in Japan. B. increase in the U.S. demand for domestically-built automobiles. C. decrease in the U.S. income relative to the income in Japan. D. increase in the supply of dollars on the foreign market.