This Policy Covers Room and Board (For a Specified Number

question 43

Multiple Choice

This policy covers room and board (for a specified number of days) and hospital ancillary charges, such as those for x-ray imaging and laboratory tests.It primarily provides benefits during a hospital confinement.In addition, it covers outpatient surgery and limited emergency care in case of an accident.Identify this policy.

• A)Basic medical expense policy
• B)Supplemental medical expense policy
• C)Basic hospital policy
• D)Major medical expense policy
• E)Comprehensive medical expense policy

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Definitions:

Complements

Products or services that complement each other, resulting in a rise in demand for one causing a corresponding increase in demand for the other.

Substitutes

Goods or services that can replace each other in use, whereby an increase in the price of one leads to an increase in demand for the other.

Quantity Of Zero

A condition where the quantity of a good or service supplied or demanded is zero, often due to a price set below or above the market equilibrium.

Current Demand

The existing desire or need for a product or service within a market at a specific point in time.