Which of the following is not a characteristic that makes medical care different from other commodities?
a. Demand for medical care is irregular.
b. Sellers have more information than buyers.
c. Third-party payers abound.
d. For-profit providers play a major role in delivering medical care.
e. The transaction itself if filled with uncertainty.
D
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Explain why under the gold standard a perpetual surplus or a perpetual deficit is impossible
What will be an ideal response?
The economic system in which the basic economic questions are answered through markets with some government intervention is a:
A. command economy. B. mixed economy. C. market economy. D. planned economy.
Given the broadest interpretation of technology, technology will include which of the following?
A) how well firms are run B) the organization and sophistication of markets C) the political environment D) the list of blueprints defining the types of products and the techniques available to produce them E) all of the above
In contrast to investment, consumption is:
A. relatively unstable. B. relatively stable. C. measurable. D. unmeasurable.