If the Poverty Line in 2017 for a Family of Four

question 48

Multiple Choice

If the poverty line in 2017 for a family of four was $24,600, which of the following is correct?

• A) The cost of a minimal diet for a family of four was $4,100.
• B) The cost of a minimal diet for a family of four was $6.150.
• C) Unemployment benefits covered the first $24,600 of lost income.
• D) Social security payments for the year totaled a minimum of $24,600 for a family of four.

Analyze the reasons behind the rapid rise in health care demand.

Understand the impact of demographic changes on health care consumption.

Recognize asymmetric information and its effect on the health care market.

Understand the basic concepts and problems related to health insurance, such as moral hazard and asymmetric information.

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Definitions:

Tip-Of-The-Tongue

A cognitive phenomenon where a person cannot fully retrieve a word but has a partial recall or feels that retrieval is imminent.

Memory Aids

Tools or techniques used to enhance or improve the ability to remember information.

Recall

The ability to retrieve and access information from one's memory that has been previously learned or experienced.

Spelling

The process or activity of writing or naming the letters of a word in the correct order.