The Potential Benefits Forgone by Rejecting One Alternative While Accepting

question 11

Multiple Choice

The potential benefits forgone by rejecting one alternative while accepting another is known as a/an:

• A) opportunity cost.
• B) past cost.
• C) deprivation cost.
• D) cost/benefit cost.

Comprehend the importance of cultural competence in reducing health disparities.

Identify actions that can improve nurse-patient communication across cultural barriers.

Recognize the effects of provider-patient communication disparities on health outcomes.

Identify practices and behaviors that contribute to health disparities.

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Definitions:

Transfer Payments

Payments made by the government to individuals through various social benefit programs, without the government receiving any goods or services in return.

Government Purchases

Expenditures by the government for goods and services that directly satisfy public consumption or are invested in public infrastructure.

Taxes

Taxes are compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Fiscal Policy

Government adjustments in spending levels and tax rates to monitor and influence a nation's economy.