Many Health Economists Believe That It Will Be Very Difficult

question 16

Multiple Choice

Many health economists believe that it will be very difficult to stem the rise in health care costs because

• A) government intervention is unpopular with most citizens, especially the elderly.
• B) improvements in medical technology have not kept pace with technological improvements in other sectors of the economy.
• C) increased competition will increase rather than reduce costs.
• D) medical advances are providing better ways to extend and improve human lives but at high costs.

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Definitions:

Manufacture Further

The process of additional or continued production to create finished goods from raw materials or components.

Inventory Cost

The total cost associated with acquiring, storing, and managing inventory, including purchase prices, delivery charges, and taxes.

Process Further

The decision-making process regarding additional operations on a product based on cost and value-added considerations.

Sell Now

A directive or decision to sell an asset or product immediately, often due to market conditions.