The ACA's Provisions Relating to Long-Term Care Include the Community

question 29

Multiple Choice

The ACA's provisions relating to long-term care include the Community Living Assistance Services and Support Program (CLASS) , which will be administered by:

• A)the U.S. Department of Health and Human Services.
• B)private insurance providers.
• C)the Social Security Administration.
• D)the government.
• E)consumers.

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Definitions:

Marginal Utility

The additional satisfaction or utility that a person receives from consuming one additional unit of a good or service.

Milk Shakes

A cold beverage made from milk, ice cream, and flavorings or sweeteners such as butterscotch, caramel sauce, or chocolate syrup.

Marginal Utility

The change in satisfaction or utility an individual gains from consuming an additional unit of a good or service.

Consumer Surplus

The gap between what consumers are ready to pay for a product or service and the actual amount they spend.