What is the main difference between a single-payer health care system and socialized medicine?
What will be an ideal response?
A single-payer health care system, such as the one in Canada, is one in which the government provides health insurance to all of the country's residents. Socialized medicine, such as the system in the United Kingdom, is a system in which the government owns most of the hospitals and employs most of the doctors.
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The "Four Freedoms" do NOT include the right to
A) vote in local elections. B) migrate within the EU. C) write insurance policies throughout the EU. D) open bank accounts anywhere in the EU.
A consumer's indifference curve shows: a. all the commodity bundles a consumer can afford
b. only commodity bundles that maximize utility. c. the equilibrium commodity bundles. d. various combinations of goods that yield the same level of total utility to this consumer.