Identify the Most Significant Element in the Continued Rise in Health-Care

question 25

Multiple Choice

Identify the most significant element in the continued rise in health-care costs in the United States.

• A)Expensive new technology
• B)Increasing need for long-term care
• C)Lack of motivation for consumers to comparison shop
• D)Expensive new medications

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Definitions:

Liquidated Damages

A predetermined sum agreed upon in a contract, to be paid as compensation if one party breaches the agreement.

UCC

A sweeping legislative structure, the Uniform Commercial Code, administers every aspect of commerce transactions within the United States.

Specially Manufacture

Refers to the creation or production of goods tailored to a specific buyer's requirements, often involving custom designs or specifications.

No Market

This term indicates a situation where there are no buyers willing to purchase something being offered for sale, often used in the context of stocks or other securities.