Question

1. The demand for physicians is unrelated to the price of medical care. a. True b....

1. The demand for physicians is unrelated to the price of medical care. a. True b. False

2. In input markets the final demand for output is more elastic than the derived demand for the inputs. a. True b. False

3. An important measure of the profitability of human capital investment

a. Compares the sum of future benefits to the sum of investment costs

b. The nominal rate of return

c. The expected real rate of return

d. Average lifetime in years

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

1 ans) false

the demand for physicians is related to the price of medical care.To overuse medical care doctors have incentives.demand on health care and price have positive effect.If the price of medical care is increased then the profit of doctors also increases .

2 ans) true

suppose derived demand is firms demand for labour ,if the final output is increased then derived demand for labour also increases which the final output is more elastic. In long run The final demand for output is more elastic.

3 ans)

a) compares sum of future benefits to sum of investment costs

the total cost of human capital is reflected by human capital factor.To compare current cost with future benefit human capital cost is necessary

b) the nominal rate of return

the nominal rate of return is also a measure of human capital cost.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The demand for physicians is unrelated to the price of medical care. True False In input...
The demand for physicians is unrelated to the price of medical care. True False In input markets the final demand for output is more elastic than the derived demand for the inputs. True False An important measure of the profitability of human capital investment Compares the sum of future benefits to the sum of investment costs The nominal rate of return The expected real rate of return Average lifetime in years The most profitable medical specialty is the one with...
1. True or false: Evidence indicates that Chronic Illness Care teams are best led by physicians...
1. True or false: Evidence indicates that Chronic Illness Care teams are best led by physicians 2. True or false: technological advancement in developing countries promotes active and healthier lifestyles. 3. True or false: Reversing the growth of chronic diseases will require behavioral change mostly at the individual level. 4. Individuals with diabetes, in addition to direct medical cost have another $69 billion in decreased productivity. Decreased productivity includes: A. limited efficiency at work B. isolated work C. absenteeism D....
1. All the following statements regarding how economists measure the economy are true except a. Going...
1. All the following statements regarding how economists measure the economy are true except a. Going to the movies instead of reading a book is an example of an opportunity cost. b. An economist collecting data is an example of being a policy maker. c. Economic decisions are made at the margin. d. A point outside the production possibility frontier is not a feasible allocation of resources 2. An example of the difference between an economist being ‘positivist’ and being...
1. Assume that you received a 3 percent increase in your normal wage. Over the year,...
1. Assume that you received a 3 percent increase in your normal wage. Over the year, inflation ran about 2.1 percent. Which of the following is true? a) Your real wage increased. b) Although your nominal wage rose, your real wage decreased c) Both your nominal and real wages decreased d) your nominal wage decreased 2. There are many measures of changes in price levels. which one of the following is the broadest measure of inflation? a) the GDP Chain...
1.) True or False? For all societies, resources are scarce, and technology is limited, while people’s...
1.) True or False? For all societies, resources are scarce, and technology is limited, while people’s wants and needs for goods and services seem to be unlimited. (2 points) 2.) (1 point) Adam Smith’s “invisible hand” refers to a.) the subtle and often hidden methods that businesses use to profit at consumers’ expense. b.) the ability of free markets to reach desirable outcomes, despite the self-interest of market participants. c.) the ability of government regulations to benefit consumers, even if...
13 If the price of gasoline increases and car dealers experience a decrease in demand for...
13 If the price of gasoline increases and car dealers experience a decrease in demand for sport utility vehicles, then gasoline and sport utility vehicles are: Select one: a. substitutes. b. unrelated goods. c. inferior goods. d. complements. Question 14 Not yet answered Points out of 1.0 Flag question Question text 14 Specifically, a change in the quantity supplied is referring to: Select one: a. A movement along a given supply curve resulting from a change in price b. A...
. Indicate whether the following statements are true or false: (1 point each for a total...
. Indicate whether the following statements are true or false: (1 point each for a total of 12 points) (a): Financial decisions have to do with allocating capital,and affect the assets side of the balance sheet of the firm. (b): Real Assets are those assets of the firm that are needed for its operations and play a role in generating income for the firm. (c): Capital markets are said to be efficient if market prices reflect all available information. (d):...
QUESTION 6 Which of the following is true about acquisitions? the value of the target company...
QUESTION 6 Which of the following is true about acquisitions? the value of the target company always goes up the value of the acquiring company always goes up the value of the acquiring company always goes down none of the above 5 points    QUESTION 7 Financial ratios can be used to compare company's performance with the rest of the industry deterime the value of the company's assets only to determine the company stock value make projections for the future...
SHOW CALCULATION AND EXPLANATION, PLEASE! 1- For a given amount, the lower the discount rate, the...
SHOW CALCULATION AND EXPLANATION, PLEASE! 1- For a given amount, the lower the discount rate, the less the present value. A) True B) False 2- What is the NPV of a project that costs $100,000 and returns $45,000 annually for three years if the cost of capital is 14%? A) $3,397.57 B) $4,473.44 C) $16,100.00 D) $35,000.00 3- The decision rule for net present value is to: A) Accept all projects with cash inflows exceeding initial cost. B) Reject all...
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer....
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer. ____ 2. Consumers should purchase quantities of a good to the point where MU > P. ____ 3. Voluntary exchange requires that there must be mutual gain. ____ 4. Points along a budget line represent the maximum combinations of two commodities that a consumer can afford. ____ 5. The budget line represents a consumer's preferences for a commodity. ____ 6. A change in consumer...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT