Most economists who have studied the health care industry have concluded that there is:
A. An under allocation of resources for health care in the United States
B. An over allocation of resources for health care in the United States
C. Insufficient technological progress in the medical industry
D. A need for government price controls for physicians' fees
B. An over allocation of resources for health care in the United States
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Airlines offer lower prices to vacationers than to business travelers because
A) of government regulations requiring them to do so. B) business travelers do not care at all about costs. C) business travelers are less flexible in their travel plans than vacationers are. D) airlines know that business travelers enjoy flying more than vacationers do.
Which of the following is NOT a focus of the study of economics?
A) how individual preferences are formed B) unemployment C) inflation D) prices in particular markets