Which of the Following Statements Is True of Medical Insurance

question 58

Multiple Choice

Which of the following statements is true of medical insurance costs in the U.S.?

• A)Advances in medical technology have decreased the medical insurance costs.
• B)The average annual premium for the aging U.S.population has increased by about 20% from 1999 to 2015.
• C)A poor demand-and-supply distribution of health care facilities and services has increased the health care costs.
• D)Increased regulation and decreased administrative costs have reduced the medical insurance costs in the U.S.
• E)Due to the financial importance of health insurance,nearly 50 percent of the U.S.population has health insurance.

Understand payroll taxes and their impact on workers and firms.

Analyze the effect of taxes on supply and demand in specific markets such as rental and luxury goods markets.

Grasp the concept of a tax wedge and its implications for market prices.

Understand the effect of OPEC's decisions on crude oil prices and the global economy.

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Definitions:

Retained Earnings

Retained earnings refer to the portion of a company's profits that are kept by the company instead of being paid out as dividends to shareholders, often used for reinvestment in the business or to pay down debt.

Dividend Payout Ratio

A financial metric that shows what portion of a company's net income is paid out to shareholders in the form of dividends.

Total Debt

The sum of all liabilities, including both short-term and long-term debts, owed by a company.

Sustainable Rate Of Growth

The maximum rate at which a company can grow its sales, earnings, and dividends without increasing its debt or equity.