One Observation That Indicates Greater Efficiency in the Canadian Health

question 63

Multiple Choice

One observation that indicates greater efficiency in the Canadian health care system compared to the U.S.health care system is that,in 2009,

• A) Americans had a higher life expectancy than Canadians.
• B) there were fewer complicated illnesses in Canada than in the U.S.
• C) Canadians achieved better health outcomes with smaller expenditures than the Americans.
• D) there were fewer private health insurance companies in Canada than in the U.S.
• E) Canadians are proud of their health care system.

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Definitions:

Amortized Cost

The initial investment cost adjusted for amortization or depreciation over the period of the investment.

Effective Interest Rate

The real cost of borrowing after adjusting for compounding interest and all fees. It provides a more accurate representation of the actual financial charge associated with a loan.

Trading Security

A financial instrument that is bought and sold for the purpose of generating profits on short-term fluctuations in price.

Available-for-sale Security

A debt or equity security not classified as a held-to-maturity or trading security, which can be sold in the short term for capital gains.