1. The US Spends_percent of GDP on healthcare b. 6 c. 36 d. 66 2. Medicare is he
ID: 1120033 • Letter: 1
Question
1. The US Spends_percent of GDP on healthcare b. 6 c. 36 d. 66 2. Medicare is healthcare paid by the government for Americans a. In Poverty b. Under 18 c. Over 65 d. Over 18 3 What is a disadvantage of the British system of healthcare c c. d. a. Often longer wait times b. More expensive than in US Not everyone is covered Hospitals earn excessive profits 4. Medicare covers hospital visits but not drug medication a. True b. False 5. The demand curve for healthcare is probably a. elasti b. very elastic c. very inelastic d. unit elasticExplanation / Answer
1. a is correct ans
In US the government spends lot of money for Healthcare services in the recent years it had been spending more than 10% of total GDP
2.c is correct answer
All the senior citizens was 65 years of age or above than are eligible for Medicare
3.a is corrext answer
In British Healthcare system it takes lot of time that means the waiting time is more to get the treatment
4. false
There are certain provisions under part A of Medicarethat covers medical costs and rest is covered by part B.
5.c is correct answer
Demand curve for Healthcare is inelastic because it is necessary good, it does not depend on the prices weather prices is high or low people will buy Healthcare services to cure themselves
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