From the Standpoint of Economic Efficiency, Which of the Following

question 168

Multiple Choice

From the standpoint of economic efficiency, which of the following is a major advantage of medical savings accounts?

• A) They encourage healthcare consumers to purchase low-deductible, low co-payment medical insurance plans.
• B) They guarantee that no American will ever have to pay another medical bill.
• C) They encourage healthcare consumers to economize.
• D) They will force employers to pay a larger share of the medical expenses of their employees.

---

Definitions:

Pilot Device

A manual or automatic device used to initiate control operations, such as signaling or actuating other devices within an electrical system.

Two-wire Control

Two-wire control is a simple control circuit configuration where the device is controlled directly by a switch or relay in one of the two wires supplying power.

Control Contacts

Control contacts are the parts of a relay or switch that make or break the connection in a control circuit, influencing the operation of a system or device.

Hand-off-automatic Circuit

A control circuit configuration that allows a device or system to be operated manually or automatically, based on the position of a selector switch.