Which of the following is considered a "third party" within the medical services industry?

A. the for-profit hospital
B. the medical provider, i.e., physician
C. the private insurance company
D. the patient

Answer: C

Economics

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The L in OLI theory stands for loyalty, and this factor makes it more difficult for firms to substitute foreign operations for domestic as they fear a loss of sales due to negative publicity

Indicate whether the statement is true or false

Economics

What characteristic of the endogenous growth model is crucial in giving the possibility of sustained growth?

A) It is embodied in people. B) It has constant returns to scale in production. C) It takes time to accumulate it. D) It grows at the same rate as consumption.

Economics