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QUESTION 1 2 points Studies usingdata yield considerably higher income elasticity coefficients for health care. QUESTION 2 2 points A wide range of studies have generally found health care to be a this is true for both industrialized and developing countries. and
QUESTION 4 The demand for health care depends on which of the following? A. Health state B. Age C. Research and development D. Education E. Technology F Insurance
QUESTION 6 What type of goods and services have lower price elasticities because these goods or services are used jointly? O A. Exclusive goods and services B. Complementary goods and services ° C. Normal goods and services D. Superior goods and services QUESTION 7 The need for what type of health care increases with age due to the growing complexity of health conditions as people age? A. Ambulatory care B. Durable medical equipment C. Inpatient services D. Medications
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Answer #1

1.

Macroeconomic Data

2.

Superior good

It is a superior good irrespective of the economic development of the countries.

4.

B

It is the age that causes increase in demand of health care.

6.

D

These goods and services have relatively inelastic demand.

7.

B

With age people need support of these medical equipment.

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