All of the Following Statements About the Medicare System Are

question 14

Multiple Choice

All of the following statements about the Medicare system are true except

• A) it pays for hospital and physician bills for almost all U.S. residents over sixty-five years of age.
• B) it helps pay for prescription drugs for those over sixty-five years of age.
• C) because of caps on reimbursements, some seniors refuse to participate in the program.
• D) it is funded out of general government revenues.
• E) it is funded by a special tax on wages and salaries.

Recognize the role of federal legislation in shaping welfare and educational policies.

Explain the variance in welfare benefits and the concept of in-kind benefits.

Understand the societal shift in attitudes towards welfare and poverty due to historical events.

Understand the basics of starting and using a Windows computer.

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Definitions:

Consumer Income

The total amount of money earned by an individual or household that affects their buying habits and purchasing power.

Complements

Goods or services that are used together, where the use of one increases the value or demand for the other, like smartphones and data plans.

Substitutes

Goods or services that can be used in place of each other to satisfy consumer preferences or needs.

Substitute Product

A good or service that can be used in place of another to satisfy similar needs or desires.