What Is One Potential Problem with Nationalized Health Care

question 88

Multiple Choice

What is one potential problem with nationalized health care?

• A)It might not reduce moral hazard.
• B)It is guaranteed to solve the principal-agent problem.
• C)It would be efficient in risk bearing.
• D)It might cost too much.

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Definitions:

Taxable Property

Property subject to taxation, such as real estate, vehicles, and personal possessions, depending on jurisdictional tax laws.

Property Taxes

Property taxes are levies on real estate assessed based on the property's value. They are a major source of revenue for local governments, funding public services like education and infrastructure.

Excise Tax

An excise tax is a tax imposed on the sale of specific goods and services, such as tobacco, alcohol, and gasoline, often levied at the time of purchase.

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded.