When a Service, Such as Medical Care, Is Provided Free

question 104

Multiple Choice

When a service, such as medical care, is provided free of charge,

• A)most people consume an infinite amount of it
• B)most people do not much care about getting good value for their money
• C)people do not derive any consumer surplus from it
• D)we say that the demand for it is perfectly elastic
• E)we say that the demand for it is perfectly inelastic

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Definitions:

Employer

An individual or organization that hires and compensates personnel for their services or work.

Use Force

The act of using physical power or violence to accomplish a goal or enforce a decision.

Expected

Pertaining to events or outcomes anticipated or considered likely to happen based on current evidence or trends.

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A legal document granting someone authority to act on another's behalf in specific matters or transactions only.