A preferred provider organization (PPO) is:
a. an organization that contracts with physicians, medical facilities, employers, and individuals to provide medical care to a group of individuals.
b. a network of doctors who agree to provide services to a health plan's enrollees at discounted fees

What would be an example of an implicit cost of production?

a. the cost of a delivery truck in a business that rarely makes deliveries b. the cost of employee training programs c. the cost of raw materials for producing bread in a bakery d. the cost of lost income an entrepreneur could have earned working for someone else

If the population older than 16 years of age equals 150 million, the labor force equals 110 million, and the total number of persons employed equals 98 million, then the unemployment rate is: a. 8 percent

b. 38 percent. c. 10.9 percent. d. 28 percent.