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Author Question: The costs associated with the overproduction of medical services as a result of comprehensive health ... (Read 28 times)

charchew

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on: Jul 1, 2018
The costs associated with the overproduction of medical services as a result of comprehensive health insurance are passed on to everyone who has health insurance in the form of higher premiums.
 
  a. True b. False

Question 2

A good may be inferior at some income levels and normal at others.
 
  What will be an ideal response?


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aruss1303

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

True. A consumer may demand more of the good at low income levels and less of the good at higher income levels. Hamburger or macaroni and cheese dinners may be examples of such goods.


charchew

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Reply #2 on: Jul 1, 2018
Thank you :)


aruss1303

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Reply #3 on: Jul 1, 2018
Happy to help you


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