Based on the graph showing the supply and demand for health care service, the price consumers with health care coverage pay is represented by ______.
a. P 1
b. P 2
c. P 3
d. Q 1
c. P 3
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Since 1994, obesity rates in the United States
A) have been on a slow and steady decline. B) have increased in all 50 states. C) have primarily increased in the Southeast and remained constant or slightly decreased in the remainder of the country. D) have remained fairly constant throughout the country.
Which of the following is not a cost imposed by inflation?
A) Inflation reduces the affordability of goods and services to the average consumer. B) The money that consumers and firms hold loses its purchasing power. C) Firms must pay for changing prices on products and printing new catalogs. D) Banks can lose if they under predict inflation and charge an interest rate that does not completely compensate for inflation.