One of the primary reasons that costly technology is being introduced into the health care system is
a. research scientists have successfully mapped the human genome.
b. high cost is synonymous with better outcomes.
c. third-party insurance finances most of the cost of care.
d. all of the above.
C
Economics
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Compared to the world, the rate of U.S. population growth is
A) slower than in the world as a whole. B) about the same as in the world as a whole. C) much faster than in the world as a whole. D) incomparable because U.S. residents are born with a much greater chance of accumulating a lot of human capital. E) incomparable because we do not have accurate world population statistics.
Economics
Use the above figure. The profit-maximizing output will be
A) Q1. B) Q2. C) Q3. D) None of the above are correct.
Economics