The Difference Between a Nurse Practitioner's Charge of $45 for an Office

question 11

Multiple Choice

The difference between a nurse practitioner's charge of $45 for an office visit and the insurance company's payment of $34 is:

• A) a contractual allowance.
• B) a profit.
• C) a flat rate.
• D) revenue.

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Definitions:

Macroeconomist

An economist specializing in the study of large-scale economic factors and phenomena, including inflation, unemployment, and national income.

Foreign Competition

The competitive pressure that domestic companies face from international firms in either domestic or global markets.

Macroeconomist

An economist who specializes in macroeconomics, the branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

Normative Statement

Statements that express an opinion or a value judgment, often involving what ought to be rather than what is.