What Is the Result of a Great Deal of Spending

question 6

Multiple Choice

What is the result of a great deal of spending by patients, insurance companies, and the government on medical care in the United States?

• A) The benefits to medical care decrease at a decreasing rate.
• B) The marginal benefits to medical care increase at an increasing rate.
• C) The marginal benefit to medical care decreases at an increasing rate.
• D) The marginal benefit of medical care is closer to zero than it would be if much less were spent on medical care.
• E) The marginal benefit to medical care is constant.

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Definitions:

Antitrust Laws

Antitrust laws are regulations enacted to promote fair competition by preventing monopolistic practices and ensuring market integrity.

Norris-LaGuardia Act

A 1932 U.S. federal law that restricted the power of federal courts to issue injunctions against nonviolent labor disputes.

Landrum-Griffin

A law, officially known as the Labor-Management Reporting and Disclosure Act of 1959, aimed at regulating labor unions' internal affairs and their officials.

Taft-Hartley

Refers to the Taft-Hartley Act, a 1947 federal law that restricts the activities and power of labor unions in the United States.