Of the Following, Which Would Result in Increasing Demand in the Health-Care

question 42

Multiple Choice

Of the following, which would result in increasing demand in the health-care industry?

• A) an increase in the spread of contagious diseases
• B) an older population
• C) increasing incomes
• D) All of the above are demand factors that would result in higher demand.

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Definitions:

Qualified Residence Interest

Interest paid on a loan secured by the taxpayer's principal or secondary residence that can be deducted from taxable income under certain conditions.

Principal Residence

The main home in which a person lives and can qualify for certain tax benefits, such as the exclusion of capital gains upon sale.

Long-Term Care Insurance

Long-term care insurance is a type of insurance designed to cover the costs of long-term care services, including nursing home care, assisted living, or in-home care.

Medical Expenses

Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, and for treatments affecting any part or function of the body.