Considering a PPF with Health Care Services on the Vertical

question 236

Multiple Choice

Considering a PPF with health care services on the vertical axis and other goods and services on the horizontal axis, the increasing production of health care services in the United States as a result of the aging population represents

• A) a movement upward along the PPF.
• B) an outward shift of the PPF from the vertical axis.
• C) an outward shift of the PPF from the horizontal axis.
• D) a movement downward along the PPF.

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Definitions:

Provincial and Federal Governments

Different levels of government in a federal system, with provincial governments handling regional matters and the federal government taking charge of national affairs.

Health Spending Accounts

Tax-free accounts that employers can provide to employees for the purpose of paying for healthcare expenses not covered by insurance.

Flexible Benefit Programs

Employee benefit plans that allow individuals to choose from a range of benefits to customize a package that best suits their personal needs.

Benefit Audit

A system to control the efficiency of a benefit program.