As of 2015, for income distribution in the United States, the minimum family earnings in the top quintile were nearly ________ times the maximum family earnings in the bottom quintile.

Economic rent refers to the price of a factor of production which is fixed in supply

Indicate whether the statement is true or false

Answer the following questions true (T) or false (F)

1. Those who favor changes in the market for health care that would make it more like the markets for other goods and services favor what are generally known as market-based reforms. 2. In most circumstances, employees pay taxes on the value of health insurance their employers provide them. 3. If consumers paid the full price of medical services instead of using health insurance and third-party payers to cover part of the cost, the quantity of medical services provided would decrease.