Special Savings Accounts That Individuals Could Pay into Directly and Then

question 588

Multiple Choice

Special savings accounts that individuals could pay into directly and then use to pay medical bills or purchase a catastrophic health insurance plan are known as

• A) flexible benefit accounts.
• B) health savings accounts.
• C) health-care savings bonds.
• D) HMOs.

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Definitions:

Soft Coal

A term often used for bituminous coal, characterized by its relatively high volatile content and used primarily for electricity generation and industrial heat.

Tax Impact

The effect that changes in taxation have on the economy, individuals, or businesses, including adjustments in spending, investment, and distribution of income.

Demand Elasticity

Measuring the impact of price swings on the volume of a good that consumers seek to purchase.

Inelastic Demand

A market condition where the demand for a product does not change significantly when its price changes.