Special tax treatment for health insurance payments, government payment of almost half of all health expenditures, government supported funding of research and regulations under the Employee Retirement Income Security Act of 1974 (ERISA)
A) are all part of the lifecycle income hypothesis.
B) are all part of the permanent income hypothesis which says that the income of the social and political group to which a person belongs determines her current health expenditures.
C) are all part of the shared income hypothesis which says that a person's expected income determines her current health expenditures.
D) the permanent income hypothesis which says that a person's expected income determines her current health expenditures.
E) the shared income hypothesis which says that the income of the social and political group to which a person belongs determines her current health expenditures.
Correct Answer:
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A)
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