The ____ Ethic Was the Basis for the State of Oregon's

question 85

Multiple Choice

The ____ ethic was the basis for the state of Oregon's decision to extend Medicaid to 400,000 previously ineligible recipients by refusing to pay for high-cost, high-risk procedures.

• A) justice
• B) moral-rights
• C) obstructive
• D) individualism
• E) utilitarian

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Definitions:

Sellers Bid

The price at which sellers are willing to sell a good or service, often in the context of an auction or market with direct seller-buyer interactions.

Producer Surplus

The discrepancy in the anticipated versus actual financial returns for producers selling a good or service.

Croissants

A flaky, buttery pastry of Austrian origin that is associated with French cuisine and often eaten for breakfast.

Producer Surplus

The difference between the amount producers are willing and able to sell a good for and the actual amount they do sell it for.