Briefly explain what you would expect to see happen to spending on health care over time, with health care being considered as a normal good
What will be an ideal response?
With a normal good, as income increases, spending on the good also increases. Since income levels tend to increase over time, you should expect to see spending on health care increase over time.
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The Commodity Credit Corporation
a. advises farmers what goods to produce b. makes loans to farmers and accepts farm goods in repayment for the loan c. provides credit to farmers who cannot otherwise get credit from commercial banks d. buys farms goods directly from farmers and sells them to consumers e. provides cash payments to farmers who put their acreage into soil banks
Which of the following statements is most accurate about welfare utilization by immigrant and nonimmigrant households (households with minor children) in 2009?
A. Over half of immigrant households received some form of welfare, while less than half of nonimmigrant households received assistance. B. Over half of nonimmigrant households received some form of welfare, while less than half of immigrant households received assistance. C. Households headed by an illegal immigrant were less likely (as a percentage of households) to receive some form of welfare than legal immigrant and nonimmigrant households. D. Immigrant and nonimmigrant households have similar rates of welfare utilization.