As a Result of Moral Hazard

question 164

Multiple Choice

As a result of moral hazard

• A) both physicians and hospitals order more procedures.
• B) physicians and hospital administrators have no incentive to raise costs.
• C) patients increasingly have to worry about the expense of operations and other medical procedures.
• D) both physicians and hospitals have a financial interest in trying to keep hospital costs down.

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Definitions:

Fifth Freedom

Refers to an unofficial freedom conceptualized during the Cold War, suggesting the freedom from want through economic growth and prosperity, beyond the four freedoms articulated by Franklin D. Roosevelt.

Japanese Internment

The forced relocation and confinement of Japanese-Americans to concentration camps in the western interior of the United States during World War II by order of the U.S. government.

Military Spending

Financial resources allocated by a government or state for the maintenance and operation of armed forces.

Economic Development

The process through which a nation improves the economic, political, and social well-being of its people, often through targeted policies and programs to stimulate growth and reduce poverty.