Which of the Following Is an Increasing Financial Concern of the Medicare

question 30

Multiple Choice

Which of the following is an increasing financial concern of the Medicare program?

• A)The proportion of older people in American society is increasing steadily.
• B)Every American citizen on reaching 65 obtains Medicare, regardless of class.
• C)Economic inequality renders Medicare more necessary for some than for others.
• D)Wealthy Americans are taking advantage of the Medicare system.

Recognize the scarcity of resources and the importance of economizing behavior.

Learn that no good or service is entirely free; every choice involves tradeoffs.

Understand how rational decisions are made by weighing marginal benefits against marginal costs.

Grasp the impact of incentives on individual and economic choices.

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Definitions:

Unconsciously Believes

Refers to beliefs that individuals hold without being aware of them, which can influence thoughts, feelings, and behaviors beyond conscious awareness.

Irrational

Characterized by actions or thoughts that lack reason or sound judgment, often driven by emotions rather than logical reasoning.

Emotional Part

A component of human psychology that involves feelings, moods, and affective states.

Rational Part

The aspect of the human mind or personality that is responsible for logic, reasoning, and analytical thought.