The Amount of Waste Caused by Full Insurance Coverage Depends

question 82

Multiple Choice

The amount of waste caused by full insurance coverage depends on

• A)the individual who is covered by the insurance plan.
• B)the price elasticity of demand for medical service.
• C)the price elasticity of supply of medical service.
• D)whether people care about the equitable distribution of care.

---

Definitions:

Frequency Bar Chart

A graphical representation using bars to show how often each different value in a set of data occurs.

Car Dealer

A business entity that sells new or used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary.

Overall Service

A term referring to the totality of services provided by an organization, assessed based on quality, efficiency, and customer satisfaction.

Pie Chart

A pie chart segmented into slices to illustrate the percentages of a total.