Which of the following would tend to reduce overall health care expenses?
A. An increase in national income
B. Higher technology in medical care
C. A reduction in the incidence of third-party payers
D. An increase in court awards of damages in malpractice lawsuits
Answer: C
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The Federal Open Market Committee
A) meets weekly to set Fed policy. B) has 7 voting members. C) always includes the president of the Federal Reserve Bank of New York as a member. D) does not include any members of the Board of Governors.
In cities with rent controls, the actual rents paid can be ________ than the legal maximum. One explanation for this is because there is a ________ of apartments, tenants are ________
A) higher; surplus; often forced to pay rents higher than the law allows B) lower; shortage; rarely willing to pay rents lower than the law allows C) lower; surplus; never willing to pay rents below the legal maximum D) higher; shortage; often willing to pay rents higher than the law allows