Eliminating Third-Party Payer Systems Is Most Likely to ________ the Quantity

question 56

Multiple Choice

Eliminating third-party payer systems is most likely to ________ the quantity of health care ________.

• A) increase; demanded
• B) decrease; demanded
• C) have no effect on; demanded
• D) increase; supplied

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Definitions:

Trade Protection

Involves government policies and measures aimed at shielding domestic industries from foreign competition, using tools such as tariffs, quotas, and subsidies.

Fiscal Deficits

Happens when the expenses of a government surpass its income, not counting funds acquired through borrowing.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision to pursue a certain action.

Trade Agreements Act

Legislation aimed at fostering fair and open international trade by implementing tariff concessions and other trade-related provisions.