The Statutes in All 50 States That Govern the Practice

question 32

Multiple Choice

The statutes in all 50 states that govern the practice of medicine are called:

• A) medical practice acts
• B) medical licensing acts
• C) occupational statutes
• D) physician licensing acts
• E) national board of medical licensing

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Definitions:

Not Excludable

A characteristic of a good or service where it is difficult or impossible to prevent individuals from enjoying its benefits, even if they do not pay for it.

Not Rival

A characteristic of a good where its consumption by one individual does not reduce availability or quality for others.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it, typically through the mechanism of property rights.

Rival in Consumption

A characteristic of a good whereby consumption by one individual prevents simultaneous consumption by another individual.