Which of the Following Is True About the Cost of Health

question 94

Multiple Choice

Which of the following is True about the cost of health care in Canada?

• A)The supplementary heath care benefits funded by the provinces vary across the country.
• B)The federal government administers all Canadian health care through the Canada Health Act.
• C)Health care costs as a portion of revenue are growing minimally over time.
• D)Approximately half the funding for health care comes from private health care plans.

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Definitions:

Agriculture

The practice of cultivating land, raising crops, and feeding, breeding, and raising livestock; it is a key component of the food supply chain.

Inelastic

Describes a situation where the demand or supply for a good or service is not significantly altered when the price changes.

Bumper Crop

An unusually large agricultural harvest, often leading to excess supply and possibly lower prices.

Price Elastic

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.