Which of the Following Statements Is True About the Cost

question 11

Multiple Choice

Which of the following statements is true about the cost of health care?

• A) The sicker a patient is when first treated, the higher the costs of care.
• B) Medical technologies decrease the cost of health care.
• C) The U.S. is a world leader in preventative medicine.
• D) Serious illnesses such as diabetes, colon cancer, and heart disease are undetectable until they are well advanced.
• E) Pharmaceutical companies base the price of medications on how much it costs to manufacture, not demand.

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Definitions:

Non-merchants

Individuals or entities engaged in transactions who do not regularly deal in goods of the kind sold, thus not considered a merchant under the Uniform Commercial Code.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions between states, ensuring consistency and predictability in business dealings.

Good Faith

Acting with honesty and integrity in dealings without any intent to defraud or seek an unfair advantage.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, aiming to standardize and simplify the laws across states.