If the Poor Cannot Afford Proper Medical Treatment, an Economist

question 229

Multiple Choice

If the poor cannot afford proper medical treatment, an economist, for reasons of efficiency, would favor

• A)giving the poor added income to spend as he or she sees fit.
• B)paying doctors bonuses to treat the poor.
• C)paying the medical bills of the poor.
• D)giving the poor "medical stamps."

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Definitions:

Sum-Of-The-Years'-Digits Depreciation

A method of depreciation that results in a more accelerated write-off of the asset than the straight-line method, basing the expense on a fraction that decreases year by year.

Useful Life

The estimated duration an asset is expected to be economically viable or productive.

Composite Depreciation Method

A method used to depreciate a group of assets that have different lives and uses as one single asset, applying a uniform depreciation rate.