Which of the Following Factors Has Contributed to Rising Health

question 16

Multiple Choice

Which of the following factors has contributed to rising health care prices in the United States?

• A) The supply of physicians per 100,000 people has decreased since 1975.
• B) Productivity growth in the health care industry has been negative in recent years.
• C) Improvements in medical technology have significantly increased the number of patients that can be treated each year.
• D) The supply of physicians per 100,000 people has risen since 1975, but not as fast as the increase in the demand for physicians' services.

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Definitions:

Stock Portfolio

A collection of stocks that an individual or institution holds, representing investments across one or more types of stock, sectors, or industries.

Positive Utility

The benefit or satisfaction gained from the consumption of goods or services that contribute to an individual's well-being and happiness.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision, which can lead to biases.

Framing Effect

The cognitive bias where people react differently to a particular choice depending on how it is presented, such as a loss or gain.