Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Article Summary

A growing number of U.S. citizens are going to other countries for elective surgery procedures. Improved quality and significant cost savings abroad have attracted an increasing number of what are being referred to as American medical tourists, especially those who either do not have insurance or whose insurance does not cover the desired procedure. As few as five years ago, Americans tended to travel to countries such as Thailand or Mexico for the procedures, but many are now choosing to go to Europe, where governments and hospitals are now publicizing these services. Many of the procedures being done overseas are joint replacement, and partly in response to the number of patients going abroad for these procedures, programs are being developed to reduce the cost of these surgeries in the United States. 

Source: Elizabeth Rosenthal, "The Growing Popularity of Having Surgery Overseas," New York Times, August 6, 2013.

Refer to the Article Summary. If more European governments and hospitals begin to offer and publicize their services to American medical tourists and, due to the growing number of aging baby boomers, more Americans desire joint-replacement surgery , what will happen in the market for joint-replacement surgery as a result of these two factors?

A. Supply will increase, but these two factors will not shift the demand curve.

B. Demand and supply will both increase.

C. Demand will increase and supply will decrease.

D. Demand will increase, but these two factors will not shift the supply curve.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92474277
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

Oracle has two important files that need to be in place for

Oracle has two important files that need to be in place for an installation. D iscuss the Oracle tnsnames.ora and listener.ora files and their purpose.

Explain the purpose of each of the five parts in the ryan

Explain the purpose of each of the five Parts in The Ryan White Care Act. Explain other viewpoints or opposing viewpoints of the Act. Describe your stance on if there is a need for the Ryan White Care Act with the Afford ...

Will amazon business threaten fastenals position in the

Will Amazon Business threaten Fastenal's position in the industrial supply industry in the long run? What competitive strategies can Fastenal use to preserve its advantages?

Compare and contrast replacement charts and succession

Compare and contrast replacement charts and succession planning?

Design a combinational circuit with three inputs a b and c

Design a combinational circuit with three inputs: A, B, and C, D and the output W. The output should be 1 only when the values of A, B interpreted as an unsigned integer (AB) is equal to the values of C, D interpreted as ...

Lotte is highly intrinsically and prosocially motivated and

Lotte is highly intrinsically and prosocially motivated and to a lesser degree extrinsically motivated. As a result, she enjoys her work as a fashion designer for Clothes Plus, Inc., because she uses Her creativity to de ...

Based on land minerals and natural resources labor and

Based on land, minerals and natural resources, labor and entrepreneurial innovation, which country do you feel has the greatest long-term potential China or Russia.

1 what are sources of power for managers2 how does power

1. What are sources of power for managers? 2. How does power relate to emotional intelligence? 3. How can they both be used in providing vision and direction for an organization and its employees?

What are some differences between transaction processing

What are some differences between Transaction Processing Information Systems and Management Information Systems?

- can identify and explain diverse cultural perspectives on

- Can identify and explain diverse cultural perspectives on death and dying - Can analyze representations of death and mortality in art and popular culture Overview Aging and death are not subjects most people enjoy talk ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As