What two prices can be found on the wall street journal treasury bond listing? which definition best describes Medicare Part A. False, A government-imposed price ceiling set He will then submit the paper application prior the start of the annual enrollment period (AEP). Welcome to Twirlywoos.com.THE TWIRLYWOOS ARE BACK FOR A GREAT BIG ADVENTURE! Welcome to Twirlywoos.com. Monica is an agent focused on serving seniors eligible for Medicare. Select one: a. Since Mrs. Hall specifically asked that you discuss the stand-alone Part D plan, you may do so as long as she signs a new scope of appointment first indicating that she wants to discuss the Part D plan. Mr. Murphy is an agent. Ms. Moore plans to retire when she turns 65 in a few months. She can enroll in any type of Medicare Advantage (MA) plan except an MA Medical Savings Account plan. B) business strategy. This is called ______ resources and is due to the concept of ______. She suggests that you will know which questions to ask her about her health status in order to best assist her in selecting a plan. Markets are linked in unpredictable and creative ways by: If an increase in oil prices made it profitable to use corn-based ethanol for fuel and, Although large parts of beef cattle become meat products, other parts become leather. C) business prospectus. the more of a good or service that is consumed, in a given period of time, the lower the marginal benefit associated with each additional unit. You must submit your materials to the plan you represent so CMS can review and approve the materials to ensure they are accurate. You appreciate the opportunity and would be happy to schedule an appointment with anyone at their request. Rent Expense When the price of a good or service decreases: "The demand schedule represents the relationship between the prices of a good, service, or resource: and the quantity that individuals and firms are willing and able to buy, all else held constant, in a tabular form. How should you respond? She is concerned that it is forgery since it does not have her Social Security number on it. and more. Qualifying for this state program gives Mrs. Schneider access to a Special Enrollment Period that allows her to make changes to her MA and/or Part D enrollment during the first 9 months of each calendar year beginning 2019. a. Prepaid Insurance c. Betty Vinson was spotted abusing a 16&614&\text{Flowers to Go, Inc.}&\text{(d)}&&1,250&1,250\\ Mr. Bickford did not quite qualify for the extra help low-income subsidy under the Medicare Part D Prescription Drug program and he is wondering if there is any other option he has for obtaining help with his considerable drug costs. The TRIPS agreement is based on the notion that inadequate protection of intellectual property the incentive for innovation. Will gaining eligibility for this program affect her ability to enroll in a Medicare Advantage or Medicare Prescription Drug plan? The market shown in Figure $6 \mathrm{P}-13$ is in equilibrium. This scenario is an example of which principle of economics? The European Union's support for the Common Agricultural Policy illustrates why strategic trade policy is problematic. "When less output is being produced at every price, we say there is: "The government decides to implement a tax on turnips. Study with Quizlet and memorize flashcards containing terms like the market supply curve that reflects social cost, The externality causes a difference between the private benefit from consumption and the social benefit., not necessary; efficient and more. Medicare Advantage (MA) and Prescription Drug (pdp) Plans. It is now the beginning of September. bonds that have been issued by state or local governments. Blank 1: possible, attainable, achievable, or feasible. C) people exchange things they do not want for things they do. What could you tell him to do? Listed below are some possible promotional items to encourage potential enrollees to attend marketing presentations. Also known as the market-clearing price. Its a loan in which the borrower pays both the interest and principal periodically b. its a loan in which the borrower Mr. Chen is enrolled in his employer's group health plan and will be retiring soon. You must set up upir table, make marketing presentations, and accept enrollment applications only in common areas outside of where the patient waits for services from the pharmacists. No snow shovels are available when a blizzard is forecast. Mr. Moy's wife has a Medicare Advantage plan, but he wants to understand what coverage Medicare Supplementsl Insurance provides since his health care needs are different from his wife's needs. The _____ Round started in 2001 and continues today to deal with the issues of agriculture protectionism, protection of intellectual property, and other priorities of the WTO. How much may the doctor collect from Mr. Rivera? Mr. and Mrs. Nunez attended one of your sales presentations. As a result of the excess demand, either the demand curve will tend to shift to the left or the supply curve will shift to the right-or both. What are three reasons that the global trading system erected under GATT was strained during the 1980s and early 1990s? If these are my best choices and the dollar Ordinarily, you obtain referrals from a theid party that initiates contact with potential clients and usually sets up appointments for you. A consequence of subsidies paid to companies during difficult economic times -- for example, the Japanese farm subsidies -- is. "The size of the producer subsidy will influence the: "Taxes charged on and subsidies provided to consumers are: When producers expect higher future prices, current supply shifts to the. \begin{array}{|c|c|c|c|} When the price of oranges increases, Jack buys more apples and fewer oranges. Everyone who is entitled to Part A or enrolled under Part B is eligible to enroll in a Medicare prescription drug plan. "If an activity is performed where the marginal benefit is greater than the marginal cost (MB > MC), there is: The more of a good or a service that is produced in a given period of time, the higher the marginal ______ that is associated with each additional unit. When the government sets the price below market equilibrium, a _____ will result. Suppose you have $30 to spend on tacos each week. If he sends the form directly to the plan, the plan will process the enrollment on the day the Annual Election Period begins. }&\textbf{Other Acc. A. patent protection for 20 years B. FDA funding for research C. fast tracking of the drug approvals D. establishing This decrease in the quantity of tacos demanded illustrates the _______ effect. Other Quizlet sets. Trade makes people better off when: A) everyone wants the same things as other people. In addition, they can use cost containment techniques such as tiered co-payments and prior authorization. Study with Quizlet and memorize flashcards containing terms like Exam Name_____ 1. Another friend calls and asks whether you will watch the same movie with her. Mr. Romero is 64, retiring soon, and considering enrollment in his employer-sponsored retiree group health plan that includes drug coverage with nominal copays. Winthrop Brokerage deos not need to submit the advertisement to CMS for approval because it does not include information about the plans' benefit structure, cost-sharing or information about measures or ranking standards. On herscope of appointment forms, she asked to discuss Medicare Advantage plans. In this case, it should tax ___ because, all else held constant, taxing a good with a relatively ___ elastic demand generates larger tax revenue and smaller deadweight loss. Workers in Peru collect cochineal bugs used to dye certain United States food items red. \hline \text { Hourly Pay } & \text { Job Class } & \text { Years with Company } & \text { Years in Union } \\ You may request RSVPs, but you are not permitted to require contact information. Mr. Wendt has heard that there are certain MA plans that might provide him with more specialized coverage for his diabetes and wants to know if he must wait until the next annual open enrollment period (AEP) before enrolling in such a plan. When production is characterized by _______ opportunity costs, the resulting production possibilities frontier will be a straight line. What should you tell her ? "Markets such as swap meets or garage sales are called _____ markets. Which three trade barriers constrain a firm's ability to disperse its productive activities? However, she gives a brief presentation that mentions plan-specific premiums. Which of the following statements is TRUE? Mrs. Chou likes a PFFS plan available in her area that does not offer drug coverage. No, not unless each individual has ocmpleted a HIPAA authorization that explicitly gives the provider authorization to disclose the individual's health care information for purposes of marketing (which is highly unlikely). What can you tell her about Medigap as an option to address this concern. The government limits total carbon-dioxide emissions by all factories to 180,000 tons per year. What are non-tariff barriers quizlet? Only the third drug works for him and it is not on his Part D plan's formulary. Jun 4, 2022 - Explore Ruby Monette's board "5 minute crafts" on Pinterest.See more ideas about crafts, christmas crafts, xmas crafts.After this, add 2 tsp room temperature water to the pan, cover it with a lid, and cook for 2 minutes.After 2 minutes, scoop the rest of the batter into each pancake, then add 1 more teaspoon of water.Cover and reduce the heat to medium-low and Which country has a comparative advantage at producing coffee, and what is that country's opportunity cost of producing one unit of coffee? Which two groups are negatively impacted when an import tariff is enacted? A neighbor invited him to discuss the Medicare Advantage (MA) and Part D plans he sells at the regular Tuesday brunch the neighbors have for senior citizens. 13. She has also recently learned that her area is served by a SNP for individuals suffering from such a combination of chronic diseases (C-SNP). Typically, her coverage would begin on the first day of the next month, so she should not expect her coverage to begin before she leaves. After day 90, he would pay a daily amount up to 50 days over his lifetime, after which he would be responsible for all costs. "In economics, the word "curve" is typically used to refer to: almost any graphical representation of the relationship between two variables. d. The quantity of available rental housing units falls. What is the producer surplus at a price of, Refer to the figure. Of this amount, the burden that falls on consumers is ___ per bottle, and the burden that falls on producers is ___ per bottle. Since 2004 Ms. Eisenberg has had a Medigap plan that provides soem drug coverage. How is a zero coupon bond different from a conventional bond? You have set up an appointment for an in-home sales presentation with Mrs. Fernandez, who expressed interest in the Medicare plans you represent. Four months ago, Mrs. Ridgeway dropped her Medigap policy to enroll in a Medicare Advantage (MA) plan for the first time. a. Global telecommunications and _____ have been targeted by the WTO as industries that need expanded trade agreements. He has heard that there is a premium penalty for those who did not sign up for Part B when first eligible and wants to know how much he will have to pay. Can marketing representatives use providers to identify Medicare beneficiaries with certain illness or diseases for marketing purposes? Study with Quizlet and memorize flashcards containing terms like A government-imposed price ceiling set below the market's equilibrium price will create an excess demand for a product. Mr. Tully's daughter can do so only, if she is authorized under state law as a court appointed legal guardian, has a durable power of attorney for healthcare decisions, or is authorized under state surrogate consent laws to make health decisions. The United States has placed a limit on the amount of tuna in airtight containers that can be imported into this country. The price at which the quantity supplied of a good, service, or resource equals the quantity demanded. What should you tell her? A ______ is usually the product of price controls that do not allow markets to adjust to unforeseen events that disrupt supply. Study with Quizlet and memorize flashcards containing terms like Economics is defined as _____., Opportunity cost is the value of the_____., Specialization leads to gains for _____. She is concerned that her income will make it impossible for her to qualify for Medicare. Mrs. Allen has a rare condition for which two different brand name drugs are the only available treatment. "For an entire economy, the production possibilities frontier is going to be bowed out because: "Any place where, or mechanism by which, buyers and sellers interact to trade goods, services, or resources is a called a(n): "When economists refer to a "good," they are referring to: a tangible product that consumers, firms, or governments wish to purchase. ** importance of political partisanship **b. Firms cannot earn profits from unsold inventory, while production is costly. A condition in which the additional cost associated with each successive unit of an activity increases. Alice is a marketing representative employed by a health plan. A) market value of all final and intermediate goods and services B) market value of all goods and services C) amount of final and intermediate goods and services D) market value of all final goods and services, 2) Gross its prices and trading volume are easily observed, it is the rate of return that has been adjusted for inflation. ", _____ is a branch of economics that typically deals with how prices are determined in markets and how markets Mr. Prentice has many clients who are Medicare beneficiaries. Part A, which covers hospital, skilled nursing facility, hospice, and the home health services, and Part B, which covers professional services such as those provided by a doctor are covered under Original Medicare. Each row of the production possibilities schedule illustrates the ________ amount of a good or a service that may be produced, given the production of the other. how people make choices in a world of scarcity. Therefore, by definition, it is a common resource. Study with Quizlet and memorize flashcards containing terms like In court cases the ________ is the party that brings charges and the ________ is the party accused of a violation of the law. Mr. Kumar is considering a Medicare Advantage HMO and has questions about his ability to access providers. May we give these books away at our marketing presentation? At the time of issue, the bonds were sold for 5,500 each. If a country places a 20% tax on dairy products exported to other nations in order to limit exports and have sufficient supplies of dairy products for the home country, it is using a(n) ______. A demand. Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required. Its a loan in which the borrower pays both the interest and principal periodically b. its a loan in which the borrower We would like to offer additional gifts if they come to a separate marketing event. people will engage in an activity as long as the marginal benefit of an activity is greater than or equal to its marginal cost. (Choose reduces or increases. Jose, a grandfather who was granted asylum and has worked in the United States for many years. **Instructions:** A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. "If the marginal benefit of an activity exceeds the marginal cost of the activity (MB > MC), we should. Mrs. Schmidt is moving and a friend told her she might qualify for a "Special Election Period" to enroll in a new Medicare Advantage plan. All these promotional items are permissible if thry are offered to everyone who attends the event, regardless of whether they can enroll and as long as the gifts have a retail value of $15 or less per marketing event. Mrs. Park is an elderly retiree. Homeowners, sellers,. A set of actions that a firm takes to achieve a goal is the definition of a A) business plan. Following a bumpy launch week that saw frequent server trouble and bloated player queues, Blizzard has announced that over 25 million Overwatch 2 players have logged on in its first 10 days. A) a surplus B) excess demand C) market equilibrium D) excess supply, 2 Topic: The Price System: Rationing and Allocating Resources Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-4 2. A(n) ______ states that some percentage of a good must be produced domestically. When a country restricts the export of a product, it is implementing a(n) _____. (Choose increased or decreased.). Mrs. Roberts has Original Medicare and would like to enroll in a Private Fee-for-Service (PFFS) plan. "Tomatoes represent a small subset of food, so tomatoes are: relatively more scarce than food in general. In the long run, farmers can decide whether to plant oranges on their land, to plant something else, or to sell their land altogether. Under what circumstances can she do this? "According to a popular statement in economics, "if not for _______________, we should be able to grow the world's food supply in a flower pot"". Trade creates value because: A) people get what they want. You may provide light snacks, but a Thanksgiving style meal would be prohibited, regardless of who provides or pays for the meal. \textbf{Date}&\textbf{Ck. we should expect to see the price and the quantity converge at specific levels. Ralph disenrolls on February 12th because he did not understand that the plan did not cover services furnished by serveral of his longtime providers. wage subsidy. Microsoft has other business areas that are relevant to gaming. Chile can produce 100 units of coffee or 200 units of soybeans, and Colombia can produce 110 units of coffee or 330 units of soybeans. It is now a year later and Mr. Shultz has lost his employer group coverage. "In economics - resources can also be called. What should he consider before making a change, If Mr. Rice drips his drug coverage through the retiree plan, he may not be able to get it back and he also may lose his medical health coverage. While there were a total of 196 cases handled by GATT, records show that between 1995 and 2017, the WTO successfully handled about _____ trade disputes. What should you do? True or false: GATT has NOT recognized the infant industry argument as a legitimate reason for protectionism. Sales How is the coupon rate computed? What should you tell him? You may make comparisons between plans if you can support them by studies or statistical data and such comparisons are factually based. XYZ Agency maintains a website marketing the MA plans with which it has contracts. Therefore, the long-run supply of oranges is much more price sensitive than the short-run supply of oranges. a. What should you tell her? Which of the following situations would lead to more starvation? One is Azure, a leading cloud platform (ie a network of data centres and cloud computing competition among buyers tends to drive prices ______ . the price demanded will rise, all else held constant. "The income effect is the effect that a change in the: price of a good, service, or resource has on the purchasing power of income. A bond pays annual interest payments of 50, has a par value of 1,000, and a market of 1,200. When economists describe "a market," they mean: A. He also told her there was an open enrollment period that she might be able to use to enroll in a MA plan. Medicare is a program for people age 65 or older and those under age 65 with certain disabilities, end-stage renal disease, and Lou Gehrig's disease, so she will be eligible for Medicare. and more. What should you tell him? She asks you to fill in the corrected street name. What would cause the supply curve to shift, Suppose a new study predicts that the price of hybrid cars is expected to decrease in the, in the early 1980s, movie rentals averaged $5 a night; by the early 1990s that average. You are meeting with Mrs. Hall in her home. When the maximum legal price is below the market price we say that there is a price: Economists call the maximum legal price a price ceiling because the price: Price ceilings would create all of the following effects EXCEPT: When the maximum legal price is set below the market price then: In Ancient Egypt, the "Bronze Law" set maximum prices for wages, preventing them. "Shortages and surpluses are represented by the: horizontal distance between a point on the demand curve at a particular price and a point on the supply curve at the same price. Trade creates value because: A) people get what they want. He found a stand-alone Medicare prescription drug plan in his area that offers better coverage than that available through his MA-PD plan and in addition has a low premium. "You have just returned from seeing a movie with a friend and are relaxing at home. Member nations hoped that the WTO would do which two of the following? Study with Quizlet and memorize flashcards containing terms like Chapter 7, All of the following statements regarding the definition of basis other than cost are true except:, In 2015, Grant purchased land for $103,000 for use in his business. Study with Quizlet and memorize flashcards containing terms like A government-imposed price ceiling set below the market's equilibrium price will create an excess demand for a product. What are two characteristics of countervailing duties? On December 1, he calls you up and says that he has changed his mind and would like to enroll into an MA-PD plan. The letter is to inform her that the drug coverage offered through her Medigap plan does not offer drug coverage that is a least comparable to that provided under the Medicare Part D prescription drug program. Because of high tariff rates on imports of selected goods from developing nations into developed nations. AB MA plan does not have to recoup Agent Higgins' compensation because she has moved away from its service area. 1,236 solutions. The card she received is valid, the change has been made to protect Medicare beneficiaries from identity theft and she should destroy her old card. She may remain in her ABC MA plan or enroll in a Special Needs Plan (SNP) for individuals sufferinf from ESRD if one is available in her area. c. Predict hourly pay for a worker in Job Class 48 with 18 years experience at the company and $14$ years with the union. One is Azure, a leading cloud platform (ie a network of data centres and cloud computing Yes. ______ permit a specific quantity of imported goods to enter the country under a reduced rate of duty during the quota period. 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