According to the Text,which of the Following Factors Is Thought

question 59

Multiple Choice

According to the text,which of the following factors is thought to be a major contributor to rising healthcare costs in Canada?

• A) population aging
• B) increased use of medical technology
• C) doctors' and nurses' growing salaries
• D) increased costs of prescription drugs

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Definitions:

Minimum Wage

The lowest legally enforced wage that employers can pay their employees, intended to ensure a minimum standard of living for workers.

Market Equilibrium

A state in a market where the quantity supplied equals the quantity demanded, resulting in no incentive for price changes.

Excess Supply

A situation in which the quantity of a good or service supplied is greater than the quantity demanded at the current price.

Rent Control

Government laws or policies that limit the amount landlords can charge for leasing residential property to protect tenants from steep rent increases.