Which of the following is true?
A) Healthcare in Canada and most of the European countries is a socialized industry.
B) Socialization of the healthcare industry eliminates the problem of scarcity in the healthcare industry.
C) The high-income countries of Europe are able to provide as much healthcare, free of charge, as their citizens want.
D) All of the above are true.

Question

Quizplus · Accepted Answer

Option A is true. In many countries, healthcare is socialized, meaning that the government or state owns the healthcare system and subsidizes healthcare for citizens. This is the case in Canada and most European countries where healthcare is financed through taxes and provided to citizens free of charge. However, option B and C are not entirely true. Socializing the healthcare industry does not eliminate scarcity as resources are still limited, and even high-income European countries have limitations on the amount of healthcare they can provide for free to their citizens.

Which of the Following Is True