The Growth in Health Care Costs Can Be Attributed to a Number

question 8

Multiple Choice

The growth in health care costs can be attributed to a number of factors. Which of the following is NOT one of those factors?

• A) an aging population
• B) costs associated with technological advances in medicine
• C) overuse of costly health care services
• D) the mandatory retirement age

Recognize how consumption and saving behavior changes with changes in income.

Understand the impact of expectations on consumption.

Examine factors that cause shifts in the consumption function.

Analyze the effects of changes in wealth and interest rates on consumption.

---

Definitions:

Norms

Established standards of behavior or group expectations considered typical or acceptable within a society or community.

Leader

An individual who guides or influences others within a group or organization towards achieving set goals.

Nonverbal Context

The aspects of communication that do not involve words, such as body language, facial expressions, and tone of voice, which can influence the meaning of a message.

Environmental Impact

The effects or consequences of any action on the natural environment, including changes to air, water, land, and ecosystems.