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1. The fraction of total health care spending that has been
devoted to hospital care
a. has been rising steadily since the 1960s.
b. has been falling steadily since the 1960s.
c. has been quite steady since the 1960s.
d. rose from 1965 to 1980 and then fell.
2. Most of the total spending on physicians' services comes
a. out-of-pocket funding.
b. private health insurance.
3. Does an increase in the demand for health care result in higher prices when the health-care supply curve is steep or flat? elastic or inelastic?
Also look at p. 51, questions 1 and 3.
last updated February 12, 2002, by Jim Frederick
copyright 2002 Jim Frederick