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This question relates to the Ethics in Patient Referrals Act, which is commonly referred to as the “Stark Law.” Under that law, which of the following statements, if any, is true? That law requires physicians to disclose their ownership interests and compensation arrangements to Medicare patients. That law makes it illegal for a physician to have an ownership interest in a healthcare facility, if part of the intent was to induce referrals of Medicare patients. That law prohibits physicians from owning any interest in a healthcare facility that participates in the Medicare program. None of the above
An increase in the supply of loanable funds will lead to a(n) _______ in the interest rate and a(n) _______ in the quantity of capital demanded.
Why do the United States and many other countries have antitrust laws on the books? What's so harmful about oligopoly that warrants an entire body of law?
You are a builder of fiberglass boats in very competitive markets. Fiberglass is derived from crude oil which has recently risen in price. Using diagrams, show what happens to the cost curves of your firm and to the market supply curve due to the inc..
The intuitive criterion by Cho and Kreps is a refinement to minimise the set of perfect Bayesian equilibrium in signalling games. What would a simple and intuitive example to explain this criterion be?
Suppose you have $66,000 to invest. You’re considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $100 per share. You notice that a put option with a $100 strike is also available with a premium of $6.6. Calculate your per..
Explain what the political motives are behind more third world countries joining the international market. What is/are the motivational factors?
A machine costs $50,000, and increases revenues by $18,000 per year. However, O&M costs increase by $4,000 per year. The machine lasts 6 years and your MARR is 7% annual rate compounded annually. What is the Present Worth (or Net Present Value) and s..
The following figure plots the average farm prices of potatoes in the United States for the years 1989 to 1998 versus the annual per capita consumption. Each point represents the price and quantity data for a given year. Explain whether simply drawin..
Analyze a two-period model for the market of computers in which two firms operate. Firm 1 only produces in period 1 and is endowed with an old technology providing a quality level vO to consumers. Firm 2 is a potential entrant in period 2 and it is a..
assuming the price of labor is 6 per unit and the price of capital is 12 per unit compute the total variable costs the
There are two types of coal mines in operation: “above-ground” mines, which involve very little risk to the miners, and underground mines, which are considerably more dangerous. What would be an economist’s estimate of the value of a statistical lif..
In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? What is ..
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