Suppose Elroy's budget line is as shown on the diagram. If his tastes change in favor of Coke and against popcorn, the budget line will:

Many health economists believe that health-care reform will:

a. decrease demand for new, better, and more expensive medical advances. b. lower premiums for young adults c. eliminate private health insurance entirely. d. have a very limited effect on reducing government health-care expenditures.

If the data collected by policy makers overstate inflation, this is an example of

A. A goal conflict. B. An implementation problem. C. A design problem. D. A measurement problem.