Which Was Used as Evidence of the Need for the Patient

question 82

Multiple Choice

Which was used as evidence of the need for the Patient Protection and Affordable Care Act?

• A) Private insurance companies are adequate for providing health care coverage to most Americans.
• B) Uninsured Americans have access to health care because hospitals are required to treat patients with life-threatening conditions.
• C) Health care costs have risen substantially over the past few decades.
• D) The government generally operates more efficiently than does the private sector.

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Definitions:

Falling

The process or action of moving downwards, typically used in economics to describe a decrease in prices or values.

Short Run

In economics, the short run refers to a period during which at least one of a firm's inputs cannot be changed, limiting its capacity to adjust to demand changes.

Long Run

A period during which all factors of production and costs are variable, allowing full adjustment to any change in market conditions.

Average-Total-Cost Curve

A graphical representation showing the relationship between the average total cost of producing a good and the quantity of the good produced.