Health maintenance organizations (HMOs):
A. are based on the traditional fee-for-service system of paying physicians.
B. charge a fixed amount per member, hire many of their own physicians, and provide health services only to members.
C. are also known as preferred provider organizations.
D. are illegal in several states.
Answer: B
Economics
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World-class models receive significant economic rents because
A) their talents and abilities are in fixed supply. B) there is a shortage of world-class models. C) there is a surplus of world-class models. D) there is no equilibrium quantity of world-class models.
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