Economic Theory Suggests That Controlling Health-Care Costs Through Rules and Regulations

Multiple Choice

Economic theory suggests that controlling health-care costs through rules and regulations imposed by the government or another third party is generally

A) more effective than using competition and the choices of consumers spending their own money to control costs.
B) less effective than using competition and the choices of consumers spending their own money to control costs.
C) only workable if the entire health-care sector is socialized (operated by the government) .
D) possible to implement successfully because these rules and regulations tend to be in harmony with the interests of both consumers and health-care providers.