Author: Anonymous

The personal acceptance that a given future amount and a lesser current amount provide the same level of satisfaction at the present moment is called:

The overall decrease in the amount of satisfaction received from consuming more healthcare is called:

How would an increase in the quality of care affect the demand for medical care?  

__________________ integration is the combining of providers of different types.  

The consumer’s portion of the medical bill for services provided is called:

Societal and personal demand for medical care is always the same in populations.  

In the principal-agent relationship in healthcare, which person is the agent?  

Medicaid is a means-tested entitlement program that requires certain criteria to be met in order to qualify.  

The income of the consumer is generally assumed to be __________________ related to demand.  

Which line in the above graph represents a negative slope?