Many economists believe that the difference between savings accounts and checking accounts is disappearing.

A 10 percent increase in income brings about a 15 percent decrease in the demand for a good. What is the income elasticity of demand and is the good a normal good or an inferior good?

What will be an ideal response?

________ account(s) for between 1 and 4 percent of health care costs in the United States

A) The aging population B) The payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance C) Uninsured patients receiving treatments at hospital emergency rooms that could have been provided less expensively at doctor's offices D) Advances in medical technology