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question 35

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Definitions:

Government Subsidies

Financial assistance provided by the government to individuals, organizations, or industries to encourage or support certain activities or reduce their costs.

Health-Care Services

Services provided to individuals or communities by health professionals for the purpose of promoting, maintaining, monitoring, or restoring health.

Inelastic

Describing a situation in which the quantity demanded or supplied of a good or service is relatively unresponsive to changes in price.

Out-Of-Pocket Expenditures

Expenses for goods or services that are paid directly by an individual, without third-party assistance or reimbursement.