Author Question: One of the primary reasons that costly technology is being introduced into the health care system is ... (Read 141 times)

armygirl · **on:** Jul 1, 2018

One of the primary reasons that costly technology is being introduced into the health care system is
a. research scientists have successfully mapped the human genome.
b. high cost is synonymous with better outcomes.
c. third-party insurance finances most of the cost of care.
d. all of the above.

Question 2

If the income elasticity of demand is 2, the good is
a. a luxury.
b. a normal good (but not a luxury).
c. an inferior good.
d. a Giffen good.