Whichofthefollowingstatementsis(are)correct?(x) The federal healthcare spending program that specifically targets the poor is called Medicaid and thefederal healthcare spending program that assists the elderly is called Medicare.(y) Specific spending programs that are included under the general category of income security include foodstamps and Temporary Assistance for Needy Families (TANF).(z) Medicare has been the focus of many proposed reforms over the last several years because health carecosts have risen more rapidly than the cost of other goods and services produced in the U.S.(x), (y) and (z)(x) and (y) only(x) and (z) only(y) and (z) only(x) only

The answer is - 1. (x), (y) and (z)

Answered: (x) The federal healthcare spending…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Whichofthefollowingstatementsis(are)correct?
1. (x) The federal healthcare spending program that specifically targets the poor is called Medicaid and the
  
  federal healthcare spending program that assists the elderly is called Medicare.
2. (y) Specific spending programs that are included under the general category of income security include food
  
  stamps and Temporary Assistance for Needy Families (TANF).
3. (z) Medicare has been the focus of many proposed reforms over the last several years because health care
  
  costs have risen more rapidly than the cost of other goods and services produced in the U.S.
1. (x), (y) and (z)
2. (x) and (y) only
3. (x) and (z) only
4. (y) and (z) only
5. (x) only

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