
Health economics is important to study for all of the following reasons except:
A) Spending for health care in the U.S. exceeds $2 trillion.
B) Health care expenditures have risen from 5.9% of GDP in 1965 to over 16% of GDP today.
C) Only 1% of the population account for almost 30% of total health care expenditures.
D) The elderly are the smallest users of health care, and the young are the major users.
E) None - all of these are true.
Correct Answer:
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Q1: Which of the following statements about the
Q3: Many people claim that the free market
Q4: In a market system, those who own
Q5: The market system is _ the most
Q6: When economic profit is _, the firm
Q7: Much of the debate between free market
Q8: When competition is limited, i.e., entry restricted,
Q9: With regard to health care spending patterns,
Q10: Free market economists argue that
A) markets will
Q11: Medicaid is a joint
A) state-local program that
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