If a Market Is in Disequilibrium

question 175

Multiple Choice

If a market is in disequilibrium:

• A)it will continue unless there is government intervention.
• B)no individual will be better off doing something different.
• C)there are opportunities for people to make themselves better off.
• D)it must be because the government has intervened in the market, resulting in the market's failure to reach equilibrium.

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Definitions:

Equitable Principles

Fundamental concepts used in court to ensure fairness and justice, often applied when legal remedies are insufficient.

False Claims Act

An act that allows employees to sue employers on behalf of the federal government for fraud against the government. The employee retains a share of the recovery as a reward for his or her efforts.

Medicare Claims

Requests for payment that healthcare providers submit to Medicare for services rendered to Medicare beneficiaries.

Healthcare Facility

A place that provides medical care and treatment to the sick or injured, such as hospitals, clinics, and long-term care facilities.