The cost to a physician of tending a patient is
A) dependent on the number of years over which the physician practices.
B) higher for a recent medical-school graduate than for a physician with a well-established practice.
C) the value of the time when spent in its next best use.
D) zero under a system of complete and comprehensive medical insurance.
C
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In countries that have a high degree of employment protection as measured by the World Bank's Rigidity of Employment Index, approximately ________ of jobless workers have been employed for more than one year
A) 5% B) 16% C) 27% D) 43%
Under the social interest theory of regulation, the goal of regulating natural monopolies is
A) to provide a larger, though not maximum, profit for the firms. B) to use average cost pricing. C) to provide an outcome similar to the competitive outcome. D) to provide a the maximum profit for the firms. E) None of the above answers is correct.