Question

I like Dr. X better than Dr. Y because Dr. X offers me the same quality...

I like Dr. X better than Dr. Y because Dr. X offers me the same quality of care but he charges less.” This argument relates to the ________ of four basic questions health economics addresses.

Group of answer choices

3rd

2nd

4th

1st

0 0
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Answer #1

Answer: 1st
The four basic economic questions are (1) what goods and services and how much of each to produce, (2) how to produce, (3) for whom to produce, and (4) who owns and controls the factors of production.
The first question is answered by consumers as they spend their money. Thus, the answer is 1st.

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