A problem with third-party financing of so much of health care is that
A) it reduces the quality of health care received by most people.
B) it discourages physicians from getting second opinions and running enough tests to be sure the right procedure is followed.
C) it causes the demand for medical services to increase, which causes health care costs to increase.
D) it discourages people from relying on the judgments of physicians in making decisions about health care.
C
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Changes in exchange rates are due to
A) real events only. B) nominal events only. C) both real and nominal events. D) None of the above.
Which of the following is an accurate statement about perfectly competitive markets?
a. They have numerous small suppliers. b. They have a few large suppliers. c. They have few small suppliers. d. They have about the same number of small and large suppliers.