According to the text, the allocation of scarce health care resources should be:
A. based on the willingness to pay of the recipient of the care.
B. determined by weighing marginal costs and marginal benefits.
C. determined by length of time on a waiting list.
D. based on the degree of suffering of the recipient of the care.
Answer: B
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A depreciating domestic currency is often perceived to be a sign of a(n):
A) economic expansion. B) strong government. C) weak government. D) global slowdown.
In which of the following countries do elective medical procedures generally receive lower priority, often resulting in longer waiting times than are common under more privately-funded systems?
A) Japan and the United States B) Japan and Canada C) Canada and the United Kingdom D) the United Kingdom and the United States
Modern banks in the United States can keep reserves as:
A. commodity money only. B. a deposit at the Federal Reserve. C. gold. D. in accounts with other banks.
The Latin phrase ceteris paribus refers to holding other variables constant.
Answer the following statement true (T) or false (F)