The Major Characteristic of an HMO Is

question 71

Multiple Choice

The major characteristic of an HMO is

• A)emphasis on acute medical treatment.
• B)medical treatment is provided for a fixed annual payment.
• C)freedom to see nonmember physicians.
• D)medical treatment is provided on a fee-for-service basis.

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Definitions:

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a specified price within a given time period.

Minimum Wage

The lowest legal hourly pay that workers can be paid by employers, set by government legislation.

Unemployment

The situation in which individuals who are capable of working and willing to work cannot find employment.

Black Market

An illegal traffic or trade in officially controlled or scarce commodities, bypassing governmental regulation or taxation.