Carefully Review Table 1

question 45

Multiple Choice

Carefully review Table 1.7 and answer the questions below.

-Which statement below appears to be the "best" explanation for the patterns observable in Table 1.7.?

• A) The United States' 2014 life expectancy of 79.56 years suggests that more of its population are "sick" and "dying". "Sick" and "dying" people spend a greater proportion of their income on health care. Thus, logic would suggest that since the U.S. has the lowest life expectancy of all countries listed in Table 1.7., we would expect the U.S. to spend the greatest proportion of its GDP on health care services needed for treatment
• B) The data suggest that the U.S. has a poorly functioning health care system
• C) The data suggest that the residents of Monaco and Singapore are probably "sicker" than the residents of the U.S.
• D) a and b
• E) b and c
• F) a, b, and c
• G) Neither a, b nor c

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Definitions:

Financial Lease

A long-term lease agreement that allows the lessee to use an asset while essentially assuming both the risks and benefits of ownership.

Lessor

The owner of an asset in a leasing agreement. The lessor receives payments from the lessee.

Insure

The act of protecting against loss, damage, or liability through a contract with an insurance company that compensates the insured in the event of specified types of loss.

Operating Lease

A lease agreement for short-term renting of equipment or property where the lessor remains the legal owner, and the lessee only pays for use of the asset.