Some Economists Have Argued That Certain Characteristics of the Delivery

question 21

Multiple Choice

Some economists have argued that certain characteristics of the delivery of health care justify government intervention.One of these characteristics is

• A)health care is a public good.
• B)health care is nonrivalrous and nonexcludable.
• C)health care generates negative externalities.
• D)health care generates positive externalities.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean, whereas a high standard deviation indicates that the values are spread out over a wider range.

Mean

The average value of a set of numbers, calculated by dividing the sum of all the numbers by the count of numbers.

Normally Distributed

A statistical distribution that is uniform around its mean, highlighting that data points near the mean are more prevalent than ones at a greater distance.

Standard Deviation

A metric that assesses the spread or diversity among a collection of figures, indicating the degree to which each figure differs from the mean value.