In Canada,the Primary Source of Funding for Hospitals and Health

question 24

Multiple Choice

In Canada,the primary source of funding for hospitals and health regions is a fixed,global budget transfer from the provincial or territorial government.What are the advantages of this approach to funding? (Select all that apply.)

• A) Global budgets grow at a different rate than demand.
• B) Autonomy to move resources.
• C) Wait times increase.
• D) Predictability.

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Definitions:

Nondiscriminating

Pertaining to market practices or policies that do not differentiate between customers on any basis, often used in the context of uniform pricing.

Unregulated Monopolist

A single seller in a market without government controls, setting prices and output levels at will to maximize profits.

Maximize Profits

The objective of most private firms to increase their bottom line to the highest possible level given their resources and market conditions.

Natural Monopolies

A market condition where due to high infrastructure costs or significant barriers to entry, a single company can supply a product or service more efficiently than multiple competing firms.