5. If the number of licensed medical practitioners is less than it would otherwi

Question

5. If the number of licensed medical practitioners is less than it would otherwise be, thern 1. T/F: State legislatures usually create licensure boards and requirements in response to requests from consumers, not the firms in the industry itself a. the overall level of quality of medical care will rise. b. o one other than trained practitioners will be able to rovide medical care c. the cost of medical care will be minimized 2. T/F: Friedman says that the argument in support of restricting entry into the medical field on the basis of raising the quality of practicioners is flawed because it fails to distinguish between technical and economic efficiency, some medical care will be provided by untrained practitioners. d. 6. Friedman says that there are three possible justifications for the registration of firms. Which of the following is not one of these? 3. Friedman cites three levels of control exercised by licensing regimes. Which of the following is not one of these? a. b. c. d. It can ensure product quality It can deter violence. It may protect consumers against fraud. It may make it easier to collect taxes. a. certification inspection c. registration d. licensing 7. Unapproved hospitals are deterred from opening by the 4. The American Medical Association (AMA) limits the number of people who may enter medical schools, and thus acts as a intern system. a. b. cost of opening. c.difficulty in attracting patients. a. regulatory body b. trade union. C. lack of investment capital. inspection agency d. job training facility 8. T/F: Licensing boards sometimes make requirements of license holders that have little or nothing to do with providing the licensed service. 9. T/F: Friedman uses the humorous example of an exchange among lawyers in which a supporter of law licensing argues that clients can only afford "Cadillac lawyers." 10. T/F: Most states do not require barbers to be licensed.

Explanation / Answer

1.

True

Licensure board is used to regulate the individuals and firms who practice the occupation.

2.

True

Friedman opposed the idea of licensing as it creates inefficiency.

3.

B.

Inspection is not the part of licensing control and regime as suggested by Friedman.

4.

A

AMA is regulating the number of admission. So, AMA is acting as a regulatory body.

5.

D

Untrained practitioners will serve the untapped demand in the given scenario.

Pl. repost other unanswered questions for their proper answers!

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