Which of the Following Statements Regarding Health Insurance Is Not

question 7

Multiple Choice

Which of the following statements regarding health insurance is not true?

• A) It limits your potential liabilities and helps you receive the necessary medical care.
• B) Health insurance is offered by private insurance companies and the government.
• C) There are many more options available for homeowner's insurance than for health insurance.
• D) Blue Cross and Blue Shield is the nation's largest health care insurer.

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Definitions:

Unity

In economic terms, unity can refer to a sense of agreement or cohesion among members of a market or organization, striving towards common goals or values.

Inelastic

Characterizes a condition in which the demand for a good or service is relatively unresponsive to changes in its price.

Elasticity of the Demand

A measure of how the quantity demanded of a good responds to a change in its price.