When Looking for a New Physician All of the Following

question 136

Multiple Choice

When looking for a new physician all of the following are important questions to ask, EXCEPT:

• A) Does the physician have a good personality?
• B) What are the physician office hours?
• C) Which hospitals does the physician use?
• D) Is the physician accepting new patients?

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Definitions:

Adverse Selection

A situation in which asymmetric information results in high-quality goods or high-quality consumers being squeezed out of transactions because they cannot demonstrate the quality of the product they are offering for sale.

Fair Bet

A wager in which the expected value to both parties involved is equal; no side has an advantage.

Standard 52-card Deck

A common set of playing cards used for a variety of games, consisting of four suits with thirteen ranks each.

Decreasing Slope

A downward trend on a graph indicating that one variable decreases as another variable increases.