The ACA Is an Example of a Single-Payer or Universal

question 10

True/False

The ACA is an example of a single-payer or universal health care program.

---

Definitions:

Marginal Cost

The cost incurred by producing one more unit of a good or service.

Constant

A value that does not change.

Production Function

An economic model that describes the relationship between inputs used in production and the resulting output.

Double Its Inputs

The act of a firm increasing the amount of inputs used in production, such as labor and capital, by two times.