The Efficiency Argument for Government Provision of Health Care Is

question 4

Multiple Choice

The efficiency argument for government provision of health care is that

• A)many poor people could not afford health care if they had to pay for it.
• B)the government is best able to assess the level of provision for which marginal cost equals marginal benefit.
• C)the government can provide health care up to that point where marginal benefit is zero.
• D)a healthy population is important to the smooth functioning of a country and its economy.
• E)health care cannot be efficiently provided by private firms.

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Definitions:

Magna Carta

The Magna Carta, signed in 1215, is a cornerstone document of English liberties that limited the powers of the monarch and laid the foundation for modern constitutional monarchy and principles of individual rights.

Articles of Confederation

The first constitution of the United States, ratified in 1781, which established a confederation of sovereign states with a weak central government.

Boston Tea Party

A political protest that took place in 1773 in Boston, where American colonists, frustrated with British tax laws, dumped an entire shipment of tea sent by the East India Company into the harbor.

John Adams

The second President of the United States (1797-1801), a Founding Father, and a key figure in the American Revolution and the drafting of the Declaration of Independence.