Both Part a and Part B of Medicare Are Available

question 47

True/False

Both Part A and Part B of Medicare are available to everyone in the United States 65 or older and both are free.

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Definitions:

Imports

Goods or services brought into one country from another for sale or use.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between options.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than others.

Trade Deficit

The economic condition that arises when a country imports more goods and services than it exports.