Multiple Choice
Health economists observe individuals' willingness to pay by observing not only cash transactions, but also by observing patients' time spent waiting and/or pain endured to obtain medical services. Examples of observable, non-cash prices paid by patients include all of the following, except
A) a caretaker waits nine months for a family member to receive nursing home care.
B) a patient undergoes experimental cancer vaccine to arrest the growth of a tumor.
C) a patient pays another patient $50 to trade places in the queue at the free clinic.
D) an elderly patient waits eight hours to see a doctor for free at a famous eye clinic.
E) a morbidly obese patient must undergo six months of nutrition counseling prior to undergoing surgery to induce weight loss.
Correct Answer:

Verified
Correct Answer:
Verified
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