Which of the Following Is True About the Medicaid Program

question 17

Multiple Choice

Which of the following is true about the Medicaid program in the United States?

• A)It is a program of health insurance for the elderly.
• B)Its costs are paid entirely by the federal government.
• C)It is a program of health insurance for the poor.
• D)Its costs have been declining in recent years.

Understand the principle of income redistribution and the philosophical debates surrounding it.

Grasp the concepts of utilitarian justice and distributional justice in relation to income distribution.

Understand the legal capacity required for binding contracts and the special considerations for contracts involving minors.

Recognize circumstances under which parents are responsible for their children's contracts or actions.

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Definitions:

REITs

Real Estate Investment Trusts, companies that own, operate, or finance income-generating real estate, allowing investors to invest in large-scale real estate properties.

Growth Fund

A type of mutual fund or investment fund that focuses on investing in growth stocks or companies expected to grow at an above-average rate compared to their industry or the market.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to describe the per share/unit value of the fund.

Year-End Assets

The total value of all assets held by an individual or entity at the end of a fiscal year.