Medical malpractice law is designed to

Medical malpractice law is designed to
 a. encourage physicians to act as responsible agents for their patients
  b. punish those providers guilty of intentional misconduct
  c. provide an income for the insurance firms who sell malpractice insurance
  d. none of these choices

QUESTION 2

People who choose not to participate in fair gambles are called
 a. risk takers.
  b. risk averse.
  c. risk neutral.
  d. broke.

QUESTION 3

Double markup problems arise because
 a. upstream firms have no market power
  b. downstream firms have no market power
  c. upstream and downstream products are unrelated in demand
  d. upstream and downstream firm's pricing decisions tend to decrease the demand for the other product

QUESTION 4

Consensus research concludes that medical technology is responsible for much of the increase in medical care spending over the past several decades.This probably means
 a. That better availability means wider use.
  b. That poorer availability means less use and poorer health outcomes.
  c. That medical care is increasingly expensive
  d. All of the above are correct.

QUESTION 5

If a fair gamble is played many times, the combined monetary losses or gains will
 a. approach zero.
  b. be negative.
  c. be positive.
  d. result in an outcome that cannot be determined without more information.

QUESTION 6

Double markup problems arise because
 a. upstream firms have no market power
  b. downstream firms have no market power
  c. upstream and downstream products are complementary in demand
  d. upstream and downstream firm's pricing decisions tend to increase the demand for the other product