Indicate whether the following statements are true or false. Why or why not? Explain your answer clearly and concisely.
Indicate whether the following statements are true or false. Why or why not? Explain your answer clearly and concisely.
a. [5 points] The fact that health and income are positively correlated suggests that a policy of transferring income from the wealthy to the poor will increase overall health in society.
b. [5 points] The concept of need in health care derives from the presence of externalities in healthcare markets.
