Ask Question
BusinessBusiness
18 September, 02:04

Canada has nationalized health care, so that everyone, regardless of their ability to pay, has some access to health care. Based on this observation, Canada has decided that "everyone, regardless of their ability to pay" is the answer to what microeconomic question?

For whom will health care be produced?

Why will we offer health care?

Must we offer health care?

What type of health care will be produced and in what quantity?

How will health care be produced?

+4
Answers (1)
  1. 18 September, 02:07
    0
    For whom will health care be produced?

    Explanation:

    The study of microeconomic theory is surrounded by three basic questions. The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for? These questions are pertinent because resources are scarce, but human needs are unlimited. Therefore, one has to choose the best combination of resources to make a production that meets human needs. The timing of production will depend on the perception of needs (demand), so that as man evolves, new demands emerge to improve people's quality of life.

    These questions perfectly apply to microeconomic sectors such as the health sector. These three questions may apply to microeconomic sectors. In the case of health, it would be How will health care be produced? What type of health care will be produced and in what quantity? "For whom will health care be produced?" The answer to this question is given in the text to citizens living in Canada.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Canada has nationalized health care, so that everyone, regardless of their ability to pay, has some access to health care. Based on this ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $37,000. Budgeted cash receipts are $101,000, while budgeted cash disbursements are $129,000.
Answers (1)
Land costing $71,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? a. $71,000 b.
Answers (1)
Teenagers send many text messages recent polls cite medians of more than 50 per day answers
Answers (1)
Which of the following does not apply to field? a. it can be updated. b. the name should reflect the contents. c. it can hold both numerals and letters. d. it is made up of several records.
Answers (1)
Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 6,600 Apr. 30 Goods finished X 30 Direct materials 51,600 30 Direct labor 190,900 30 Factory overhead 57,270 Finished Goods Apr.
Answers (1)
New Questions in Business
Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to the organization or individuals who own and/or control the entity. b.
Answers (1)
The reason for the Fed being set up as an independent agency of government is to:
Answers (1)
Headings in reports that describe the content of the section and may even give a conclusion about the section are called:
Answers (1)
Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to remove an old building, and received $2,000 from the salvage of the old building.
Answers (1)
Trueview video ads can be especially effective for driving what goals?
Answers (1)
Home » Business » Canada has nationalized health care, so that everyone, regardless of their ability to pay, has some access to health care.
Sign Up Forgot Password?