Identify a True Statement About the U.S.health-Care System

question 49

Multiple Choice

Identify a true statement about the U.S.health-care system.

• A) Only five percent of national spending in the United States goes to health care. 
• B) There are many health-care insurance policies in the United States. 
• C) A problem associated with the health care system is the lack of health-care insurance. 
• D) U.S. health-care costs have been declining for years. 
• E) Health care is completely ignored by the federal government.

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Definitions:

Status Quo Bias

A cognitive bias that leads individuals to prefer things to stay the same by resisting change or new alternatives.

Behavioral Economics

A field of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions made by individuals and institutions.

Decision Making

The cognitive process of selecting a course of action among multiple alternatives.

Goods And Services

Products and activities that fulfill the wants and needs of consumers, with goods being tangible objects and services being intangible activities.