Many economists consider medical care a superior good. Which of the following statements is true regarding a superior good?
a. Consumers want more of a superior good regardless of its price.
b. When the price of a superior good increases, consumers demand more of it.
c. As consumer income increases a larger percentage of that income is spent on superior goods.
d. A superior good has an income elasticity of demand greater than one.
e. Both c and d are true of superior goods.
Question 2
Each of the following provides incentives to reduce a negative externality except:
a. merger with affected firms.
b. subsidizing consumption of the good being produced.
c. bargaining among firms.
d. taxation of the externality.
The patient and his family meet with the nurse to discuss progress on the patient care plan.
Nursing care principles for care
A medical assistant listening to the patient and physician discuss the patient's care.
A medical assistant performs a spirometry test using electronic health record software.
The medical assistant holds the position of the thermometer while the temperature is being obtained.
Health Care Costs for the Elderly and Disabled