-The Figure Above Shows the Production Possibilities Frontier for a Country.The

question 123

Multiple Choice

-The figure above shows the production possibilities frontier for a country.The opportunity cost of a gallon of milk between combination point A and B is

• A) 4 gallons of ice cream for a gallon of milk.
• B) 3 gallons of ice cream for a gallon of milk.
• C) 1 gallon of ice cream for a gallon of milk.
• D) 1/3 of a gallon of ice cream for a gallon of milk.
• E) zero because at point A zero milk is being produced.

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Definitions:

Precertification

The process of obtaining authorization from a health insurance company before receiving medical services to ensure coverage.

Preauthorization (Predetermination)

The process where a healthcare provider must obtain approval from a health insurance company before providing specific services to ensure coverage.

Indemnity-Type Plan

A type of health insurance plan that allows policyholders to direct their own healthcare and visit almost any doctor or hospital they like.

HMO

Health Maintenance Organization, a type of health insurance plan that limits coverage to care from doctors who work for or contract with the HMO.