Health Care Costs Are Expected to Rise More Than 10

question 50

Multiple Choice

Health care costs are expected to rise more than 10 percent into 2011, according to a survey of insurers by Aon Consulting Worldwide. If the increase in costs is expected to solely come from increased costs to buy MRI and X-ray machines, then for the health care industry:

• A) Fixed costs are increasing.
• B) Long run average total cost is decreasing.
• C) Productivity is increasing.
• D) Variable costs are increasing.

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Definitions:

Jacob S. Coxey

An American politician, known for leading the "Coxey's Army" march on Washington D.C. in 1894 to advocate for unemployed workers and public infrastructure jobs.

Public Works Projects

Government-funded projects designed to build or improve public infrastructure such as roads, bridges, schools, and utilities, often to stimulate economic growth and employment.

Federal Government

The national government of a federal state, where powers are divided between the central government and regional governments.