The Bureau of Labor Statistics determines which prices are most important to the typical consumer by surveying consumers

Actions based on the more general Pareto criteria are preferable to actions based on application of interpersonal utility calculations

a. True b. False

Which of the following is a possible cause of an increase in the demand for health care?

a. A young population b. A fall in the purchasing power of households c. An aging population d. A fall in the total population of a country e. Technological advancement