In the figure above, point A is undesirable because

A) there is an inefficient use of resources.
B) too much health care is being produced.
C) the opportunity costs of health care is too high.
D) point E is a more realistic option in this economy.


A

Economics

You might also like to view...

Required reserves for a commercial bank

A) are the minimum reserves that a bank must hold to back its deposits. B) are the reserves that a bank plans to hold in the bank's vault. C) are only the money used by the bank tellers. D) consist only of the bank's deposits at the Fed.

Economics

The Earned Income Tax Credit (EITC)

A. provides more income to those people on welfare. B. is a tax on low income workers. C. provides additional tax credits to low income workers. D. is a tax break for the wealthiest Americans.

Economics

When there is no market for a negative externality, the producer of the externality _____

a. has strong incentive to consider the costs it imposes on others b. will try to create a market c. will limit production of the good producing the externality d. has no incentive to consider the costs it imposes on others

Economics

The __________ Act protects employee rights and the __________ Act protects employer rights.

A. Wagner; Taft-Hartley B. Taft-Hartley; Wagner C. Sherman Antitrust; Wagner D. Taft-Hartley; Landrum-Griffin

Economics