Why have health care costs risen so much in recent years?
What will be an ideal response?
The elderly use a disproportionate amount of health care, and the population is getting older, so there is a rising demand for health care. Furthermore, new technologies have contributed to higher prices. Third-party financing for health care also encourages people to demand more services than they would otherwise, causing higher prices.
Economics
You might also like to view...
Profits represent
A) a reward to entrepreneurs. B) the income earned from a bond. C) the difference between total tax revenue and total government spending. D) the payments firms make to their employees.
Economics
Paying efficiency wages are a way for a company to cut costs and become more efficient, and are therefore lower than market wages
Indicate whether the statement is true or false
Economics