Question

To enforce the “affordable” aspect of the mandatory requirement to have health insurance, there are provisions in the law for low-income families to qualify for premium credits and/or subsidies.
True/False?

Dynamic efficiency means that some short term allocative efficiency must be traded off to give time for managers, physicians, and other employees to create technological improvements that might only be allocatively efficient many years in the future.
True/False?

Marginal productivity (gain in average life expectancy) of an additional dollar spent on medical care is much higher today than it was a century ago.
True/False?

Answer 1

True, because affordable, mandatory requirement of health care is possible only when low there is a provision for low income families to qualify for premium credits and/or subsidies.

True,dynamic efficiency mesure Healthcare resources are being used to get the good value for money.

Dynamic efficiency occurs over time and linked strongly to the pace of innovation in market and improvements in both in range of product and also quality of products.

True marginal productivity in high then ago. marginal productivity” means extra output gained by adding one unit of labor and all other inputs are constant.