Which of the Following Is a Characteristic of a National

question 14

Multiple Choice

Which of the following is a characteristic of a national health insurance system?

• A)The government finances health care through general taxes
• B)Health care is delivered by private providers
• C)Both a and b
• D)Neither a nor b

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Definitions:

Total Utility

The total satisfaction or benefit that a consumer receives from consuming a certain quantity of a good or service.

Utility Schedule

A table showing the level of satisfaction or utility that a consumer derives from different quantities of a good or service.

Marginal Utility

The increased happiness or advantage derived from the consumption of one extra piece of a good or service.