If the Price of a Good or Service Rises, Households

question 281

Multiple Choice

If the price of a good or service rises, households have to choose whether to buy less of that good or service or spend less on other goods and services.When doctors and/or nurses demand pay increases, provincial governments

• A)cut back on their total spending on health care.
• B)increase spending on other programs.
• C)automatically increase sales taxes to pay for the increased spending on health care professionals.
• D)must either cut back on other programs, hire fewer doctors and/or nurses, or increase taxation.

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Definitions:

Acute Confusion

A sudden onset of disorientation or impaired consciousness, often reflecting an underlying medical, neurological, or psychiatric condition.

Presbycusis

Age-related hearing loss, typically affecting higher frequencies, common in older adults.

Hyperopia

A condition often called farsightedness, where distant objects can be seen clearly but close ones do not come into proper focus.

Age-related Change

Changes in the physiological, cellular, or psychological aspects of an individual that occur naturally as part of the aging process.