Author Question: Health insurance plans which typically reimburse doctors mainly by paying ________ are known as ... (Read 89 times)

BRWH · **on:** Jun 29, 2018

Health insurance plans which typically reimburse doctors mainly by paying ________ are known as health maintenance organizations.

A) an escalating fee based on the number of patients being treated
B) a fee for each individual service provided
C) a fee for each individual office visit
D) a flat fee per patient

Question 2

If you travel to Mexico you will often see currency exchange businesses along the way as you approach the border.

Even though each of these businesses is essentially selling the same product (i.e. Mexican pesos) how is it that some of them are able to charge more for the peso than others?

Perkypinki · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

As tourists get closer and closer to the border their elasticity of demand for the peso becomes more inelastic. Therefore, currency exchange shops that are located closer to the border are able to sell the peso for a higher price since they realize that the tourist's options are getting smaller and smaller.