A system financed primarily through retrospective fee-for-service insurance reimbursement is:
a. A closed system.
b. An open-ended system.
c. A cost-plus system
d. An efficient system.
e. Both b and c.
E
Economics
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The short-run market supply curve is
A) the sum of the quantities supplied by all the firms. B) undefined because the number of firms is constant in the short run. C) vertical at the total level of output being produced by all firms. D) horizontal at the current market price.
Economics
In the circular flow diagram, ________ supply the factors of production, and ________ goods and services
A) households; sell B) households; buy C) firms; sell D) firms; buy
Economics