Members of A(n)_______ Are LESS Closely Related to Each Other

question 102

Multiple Choice

Members of a(n) _______ are LESS closely related to each other than members of a class.

• A) order
• B) genus
• C) family
• D) phylum
• E) species

Recognize the role of rationing mechanisms (such as ration coupons and queuing) in scenarios of excess demand or supply.

Analyze the impact of government-imposed price controls on consumer and producer behavior.

Explain the concept of illegal markets (black markets) and their relation to price controls.

Understand how quantity demanded and quantity supplied are affected by changes in price controls.

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Definitions:

Explanation of Benefits (EOB)

A document provided by insurance companies detailing what treatments/services were covered and what payment responsibilities the insured has.

Charge

The price or cost that someone has to pay for goods, a service, or admission to an event.

Third-Party Reimbursement

A phrase coined to indicate payment of services rendered by someone other than the patient. Today, the most common third-party payers are federal and state agencies, insurance companies, and workers’ compensation.

National Provider Identifier (NPI)

The name of the standard unique health identifier for health care providers.