Purchasing goods such that the ratio of marginal utility to price is equal across all goods results in the:

Relative prices describe the terms at which individual goods are exchanged for one another

a. True b. False Indicate whether the statement is true or false

Answer the following questions true (T) or false (F)

1. The Japanese system of universal health insurance requires no copayments from residents for health services. 2. A majority of people in the United States do not have private health insurance. 3. Although most large firms in the United States offer their employees health insurance, fewer than two-thirds accept it.