Physicians who own their own diagnostic testing facilities tend to order more tests, charge higher fees for them, and have higher total bills to patients. This practice of self-referral is an example of

a. moral hazard.
b. adverse selection.
c. resipsaloquitor.
d. physician-induced demand.
e. cognitive dissonance.

D

Economics

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The Federal Reserve System can be described as a bank for bankers.

Answer the following statement true (T) or false (F)

Economics

One of the areas Macroeconomics deals with is

a. electricians' wage rates b. monopolistic pricing c. price of automobiles d. general price level

Economics