The aging of the U.S. population has tended to ________ spending on health care, and the development of new drugs and medical equipment has tended to ________ spending on health care.
A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease
Question 2
Which of the following is a result of imposing a rent ceiling?
A) There is an increase in the quantity of apartments demanded.
B) The marginal benefit of the last apartment rented is less than the marginal cost of supplying it.
C) Some consumer surplus is converted to producer surplus.
D) There is an increase in the quantity of apartments supplied.