Congressional studies report that Medicare payments fall 11 percent below the cost of treating patients while private insurance patients pay 29 percent more than cost. This phenomenon may be attributable to cost shifting or price discrimination depending on:
a. the provider's payer mix.
b. the size of the hospital.
c. whether the hospital is organized as for profit or not-for-profit.
d. whether the patient has Medigap insurance.
e. the patient's income.
a. the provider's payer mix.
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Which of the following functions express the money multiplier (m) for the narrowly defined money stock (M1)?
a. m = ?Ms/?(MB) = m(rrd) b. m = ?Ms/?(MB) = m(rrd, CU/D, ER/D) c. m = ?Ms/?(MB) = m(rrd + CU/D) d. m = ?Ms/?(MB) = m(rr/D, CU/D, RR/D)
Among the criteria used for identifying priority contaminants is that
a. the pollutant must occur in a private water system b. thecontaminant might have a negative effect on the ecology c. the pollutant must be a microorganism d. the contaminant may have an adverse effect on human health e. none of the above
From an economic standpoint, government intervention may be justified
A. When the private sector is larger than public sector. B. If the market mechanism fails to achieve the optimal mix of output. C. Because the government can encourage the production of private goods. D. Because the government can increase the level of market power of private businesses.
When the price of footballs decreases by 12 percent, the quantity demanded increases by 4 percent. Which of the following does this example show?
a. total revenue decrease for an elastic price demand b. total revenue increase for an elastic price demand c. total revenue decrease for an inelastic price demand d. total revenue increase for an inelastic price demand