Why Should Nurses Be Cognizant of Microeconomics

question 6

Multiple Choice

Why should nurses be cognizant of microeconomics?

• A) Nurses are often the ones to allocate resources to solve a problem.
• B) Nurses are often involved in federal policy making.
• C) Nurses should know about microeconomics in order to deliver quality patient care.
• D) Health care supplies can be very costly and nurses must use them wisely.

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Definitions:

Familiarity Effect

A psychological phenomenon whereby people tend to develop a preference for things merely because they are familiar with them.

Cognitive Dissonance

The state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to behavioral decisions and attitude change.

Groupthink

A psychological phenomenon where the cohesion of the group becomes more important than considering facts realistically, leading to poor decisions.

Suppress Disagreement

The act of deliberately preventing or reducing the expression of differing opinions or conflicts.