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Introduction to Economics

question 1 of 5 course: Bachelor of Science in Health Services Management and Planning
question 1 of 5 course: Bachelor of Science in Health Services Management and Planning

Q: Positive economics describes what is, while normative economics recommends what ought to be.

Did You Know?

True. Copays are set amounts (e.g., $20 per doctor visit), while coinsurance is a percentage (e.g., 20% of hospital bill). Both make patients share costs to reduce moral hazard.

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Did You Know?

True. Copays are set amounts (e.g., $20 per doctor visit), while coinsurance is a percentage (e.g., 20% of hospital bill). Both make patients share costs to reduce moral hazard.

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