Match the Term with the Appropriate Definition or Description

question 25

Multiple Choice

Match the term with the appropriate definition or description:
-Persons receiving LTC may need acute care at certain times

• A)acute care
• B)adult day care
• C)case management
• D)continuing care retirement community (CCRC)
• E)continuum of care
• F)informal caregiver
• G)long-term care (LTC)
• H)palliative care
• I)program of all-inclusive care for the elderly (PACE)
• J)rehabilitation
• K)residential care facilities
• L)respite care
• M)senior center

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Definitions:

External Costs

Costs of an economic activity that are not borne by the participants in the activity but are imposed on others, such as pollution.

Competitive Free Market

A market structure where many firms offer products or services that are similar, allowing for free entry and exit, with prices determined by supply and demand forces.

Marginal External Cost

The cost imposed on a third party not involved in a transaction or activity due to an additional unit of production.

Methane Gas

A potent greenhouse gas with a simple chemical formula CH4, commonly produced by the decomposition of organic materials and digestive processes of animals.