Which of the Following Is a Correct Description of the Consequence

question 121

Multiple Choice

Which of the following is a correct description of the consequence of paying for health care in a particular way?

• A) When healthcare costs are paid for by private insurance companies, the expenses are lower because the insurance company acts like a monopolist.
• B) When healthcare costs are paid for by the government, the expenses are lower because the government acts like a monopolist.
• C) When healthcare costs are paid for by the government through taxes, the employer faces a disincentive to hire more workers.
• D) When healthcare costs are paid for by the government, the expenses are higher because the government acts like a monopsonist.
• E) When healthcare costs are paid for by private individuals, the expenses are higher because consumers are more responsive to the prices being charged.

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Definitions:

Energy

The capacity to do work or the power derived from the utilization of physical or chemical resources.

Original Stimulus

The initial event or object that triggers a sensory or psychological response.

Weber Fraction

A principle stating that the smallest change in a stimulus that can be detected is a constant proportion of the starting level of that stimulus.

Difference Threshold

The smallest change in stimulation that can be noticed by an individual half of the time, also referred to as the "just noticeable difference" (JND).