Asked by Sheryl Kambuni on Jun 28, 2024
Verified
One of the economic effects of rising health care costs in the labor market is that
A) productivity in medical care decreases.
B) the demand for medical workers is decreasing.
C) government is cutting health care coverage for workers.
D) employers are using more temporary and part-time workers.
Labor Market
The supply of available workers in relation to available work, where wage rates are determined.
Temporary Workers
Individuals employed on a non-permanent basis, such as for a specific project or a defined period, often through a staffing agency.
Health Care Coverage
Insurance or government programs that provide financial protection against the costs of medical services and treatments for individuals.
- Grasp the implications of increasing health care costs on societal economics and the job market.
Verified Answer
Learning Objectives
- Grasp the implications of increasing health care costs on societal economics and the job market.
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