Which of the following best describes scarce resources?
A) Resources that most people cannot afford to buy
B) Resources that can only be distributed efficiently by the government
C) Resources for which the quantity demanded is the same for all economic agents
D) Resources for which the quantity that people want exceeds the quantity that is freely available
D
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For a monopolist:
a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. marginal cost equals zero. e. average total cost equals marginal cost.
Health care improvements often don't happen because:
A. health care facilities exist in most parts of the world. B. people are generally resistant to improvements in their healthcare systems. C. home remedies and traditional village doctors are more affordable. D. doctors in government clinics have large incentives to practice good medicine.