Results of the ultimatum game indicate that most people value fairness enough that they will refuse to participate in a transaction they consider unfair, even if they are worse off financially as a result

Suppose a 4 percent increase in income results in a 2 percent decrease in the quantity demanded of a good. Calculate the income elasticity of demand for the good and determine what type of good it is

What will be an ideal response?

Of the following, which has most likely contributed the most to the rapid rise in health care costs in the United States?

A) the cost of malpractice insurance B) the cost to treat uninsured patients C) slow growth in labor productivity in health care D) the cost of malpractice lawsuit settlements