Which of the Following Statements Is True Concerning Protection by Good

question 16

Multiple Choice

Which of the following statements is true concerning protection by Good Samaritan laws?

• A) A Good Samaritan law allows an EMT to exceed the scope of practice, if necessary, when providing emergency care off-duty.
• B) An EMT is expected to act as a lay person when providing emergency care off-duty.
• C) The purpose of Good Samaritan laws is to protect people who are trying to help in an emergency.
• D) An EMT cannot be sued for negligence if the state in which he works has a Good Samaritan law.

Examine the benefits and limitations of government actions to correct market failures, including regulating information and licensing.

Understand the effects of externalities in economic transactions and the concept of social cost versus social benefit.

Grasp the notion of consumer, producer surplus, and efficiency loss and relate them to market dynamics.

Identify how private businesses can mitigate information problems in the marketplace.

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Definitions:

Economically Equivalent

Situations, assets, or investments that have the same economic value or impact despite being in different forms or structures.

Replacement Payment

A replacement payment is a sum paid to compensate for a loss or replacing a missed payment or asset.

Compounded Quarterly

Interest calculation method where interest is added to the principal every three months, affecting the total interest earned or paid.

Compounded Monthly

A financial term indicating the interest on a deposit or loan is calculated and added to the principal amount each month; it emphasizes the frequent interest capitalization as opposed to annual.