Which of the Following Is True About the Cost of Health

question 30

Multiple Choice

Which of the following is true about the cost of health care in Canada?

• A)The Canada Health Act covers only basic medical needs and the provinces fund supplementary benefits, which vary a lot from province to province.
• B)The federal government administers all the health care expenses in the country through the Canada Health Act.
• C)Health care costs as a portion of revenue are significant, and growing minimally over time.
• D)Approximately half the funding for health care comes from public sector financing.

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Definitions:

Adam Smith

A Scottish economist and philosopher, best known for his book "The Wealth of Nations," in which he laid the foundations of classical free market economic theory.

Karl Marx

A 19th-century philosopher, economist, and political theorist best known for his theories about capitalism and communism.

Plant And Equipment

Refers to the tangible assets that are used in the operation of a business or industry including machinery, buildings, and vehicles.

Society Control

Mechanisms, processes, and institutions through which societies regulate behavior and maintain order, stability, and cohesion.