Which of the Following Statements Conveys the Major Concern About

question 41

Multiple Choice

Which of the following statements conveys the major concern about Canada's health-care system developing into a two-tiered system?

• A)The number of alternative medical services will be greatly reduced.
• B)Government will increasingly shift responsibility for health care to businesses.
• C)Only those who can afford medical care will be able to enjoy such services.
• D)Businesses will be encouraged to reduce or eliminate benefits.

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Definitions:

Present Value

Present Value is a financial concept that represents the current worth of an amount that is to be received in the future, discounted to reflect the time value of money and interest rates.

Accurate To The Cent

Describes a level of precision in financial calculations or measurements that are exact to the smallest denomination of currency, such as a cent in the U.S. dollar.

Periodic Interest Rate

The rate of interest charged on a loan or earned by an investment for a duration that is less than one year.

Annuity

An economic scheme that delivers a constant payment stream to a recipient, predominantly utilized in preparing for retirement.