The Passage of the Medicare Bill Was Made Possible by

question 15

Multiple Choice

 The passage of the Medicare bill was made possible by 

• A) a marked shift in public opinion. 
• B) the strong support of the American Medical Association (AMA). 
• C) the watering down of the bill to remove the more controversial provisions. 
• D) a Democratic landslide in the 1964 elections. 
• E) a shift in voting patterns on the United States Supreme Court.

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Definitions:

Entitlement

A right or benefit that is granted by law, social policy, or other formal means.

Private Goods

Goods that are excludable and rivalrous in consumption, meaning their use by one individual prevents use by another.

Normal Goods

Goods for which demand increases as the income of the buyer increases and decreases as the income of the buyer decreases, showing a positive correlation between income changes and demand.

Overallocation

The process of assigning more resources to a project or sector than is available or sustainable, leading to inefficiencies.