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When economists say that health care services are overconsumed

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When economists say that health care services are overconsumed, they mean that;A. rich people buy too much health care and poor people buy too little.;B. some resources now used in the health care industry could produce alternative goods and services that society values more highly.;C. health care is being purchased in amounts such that marginal benefits exceed marginal costs.;D. the price of health care is below equilibrium so that quantity demanded exceeds quantity supplied.;For most nations, per capita spending on health care tends to;A. remain constant as per capita income increases.;B. rise much faster than per capita income.;C. rise proportionately with per capita income.;D. fall as per capita income increases.;An increase in the poverty rate;A. will necessarily shift the Lorenz curve toward the diagonal.;B. will necessarily shift the Lorenz curve away from the diagonal.;C. may leave the Lorenz curve unchanged.;D. normally accompanies strong growth of the economy.

 

Paper#27243 | Written in 18-Jul-2015

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