Many economists believe that at the current level of consumption of health care in the United States, the marginal cost of health care for society is:
A. Less than the marginal benefit
B. Greater than the marginal benefit
C. Equal to the marginal benefit
D. Zero
B. Greater than the marginal benefit
You might also like to view...
If your bank pays you 6% interest on a savings account and inflation is 2%, your approximate real rate of interest is
A) 2%. B) 4%. C) 8%. D) 12%.
An increase in the interest rate will increase the demand for loanable funds
a. True b. False Indicate whether the statement is true or false
When the government deliberately alters its level of spending and/or taxes in order to achieve specific national economic goals, it is exercising
A. automatic government budgetary policy. B. a laissez-faire policy. C. discretionary fiscal policy. D. monetary policy.
Which of the following statements about economic resources is false?
A) Economic resources include financial capital and money. B) Economic resources are also called factors of production. C) Economic resources are used to produce goods and services. D) Some economic resources are human-made while others are found in nature.