Which of the Following Would Help Control the Future Costs

question 471

Multiple Choice

Which of the following would help control the future costs of healthcare?

• A) a new government program that would cover the cost of prescription drugs purchased by all healthcare consumers
• B) an increase in the share of healthcare expenditures financed with low co-payment insurance
• C) allowing consumers to purchase healthcare insurance from out-of-state providers
• D) an increase in the tax benefits of purchasing healthcare through one's employer

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Definitions:

Substitute Good

A product or service that satisfies the need of a consumer that another product or service fulfills.

Important Resource

A crucial element or input required for the production process or societal functioning.

Immigration

The action of coming to live permanently in a foreign country.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.