In markets, information about the relative value of resources is communicated through:
a. government agencies.
b. planning committees.
c. prices

A common mistake made by consumers is the failure to take into account the sunk costs of their actions

Indicate whether the statement is true or false

Approximately how much of aggregate national income in the United States is spent on health care today?

A) 3 percent B) 45 percent C) 17 percent D) 34 percent