Answer:
A. A hospital bill
Explanation:
When a court orders a party to pay restitution damages to another party, they do this in order to restore any benefit or possession that the damaged party lost due to the actions of the damaging party.
In this case, restitution would apply to a hospital bill if the injured party's health suffered due to the actions of the other party. The hospital expenses were carried out to heal the injured party.
Answer: The AIA® billing system is a standardized method of construction percentage of completion contract billing (IE: Progress Billing) developed by the American Institute of Architects (AIA) in 1992
Explanation:
When there is an insurance policy, the <em>consumer</em> pays only $20.
From the complete question, the typical <em>medical</em> procedure has a cost of $100, yet a person with health insurance pays only $20 out of pocket.
If the cost of each procedure to the society is $100, and if the individuals have health insurance as described, the number of the procedures performed will be <u>greater </u>than the number that will maximize the total surplus. Also, economists often blame<u> less</u> insurance system for excessive use of medical care.
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Answer:
Price ceiling
Explanation:
When the government imposed a price ceiling in a market of goods which means that price set by the government lies below the equilibrium price of an economy. Price ceiling results in a higher demand for the goods because people wants to buy more quantity of goods at a lower price. But supplier of the goods wants to reduce supply as it will become less profitable for the producers to sell the product at a lower price.
Answer: Marginal propensity to consume = $0.60
Spending multiplier = $2.5
Explanation: The MPC can be calculated using following equation :-
= 0.60
Similarly, we can calculate spending multiplier as :-
= $2.5