One Physical Therapist Can See, on Average, 8 Patients Per

question 55

Multiple Choice

One physical therapist can see, on average, 8 patients per 8 hour day. If a physical therapy office employs 6 full-time physical therapists, how many patients (outputs) should they be able to see in 20 workdays?

• A) 48
• B) 120
• C) 960
• D) 1000
• E) 1280

Differentiate between statements of fact (positive statements) and statements of opinion or policy (normative statements).

Apply understanding of economic models to interpret real-world economic activities and policies.

Evaluate the role of government and policy implications in economic statements.

Understand the concept and implications of the production possibility frontier (PPF).

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Definitions:

Government Policy

Guidelines or rules established by governments to direct public action in specific areas such as health, education, and economic management.

Consumer Goods

Products and services that are used by individuals or households to satisfy their immediate wants and needs.

Production Possibilities

The various combinations of goods and services an economy can produce when all its resources are fully employed.

Capital Goods

Long-lasting goods that are used in the production of other goods or services and are not consumed in the production process.