Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
arpylzr75 arpylzr75
wrote...
Go to Answer
Posts: 135
Rep: 0 0
A year ago

The downward-sloping line in the diagram below shows the combinations of healthcare and education expenditures that the government can afford with a given amount of tax revenue.

Short description: A graph plots education against health. Long description: The horizontal axis represents education. The vertical axis represents health. The graph plots four points and a line. Four points A to D, are at the following coordinates: A (less education, better health); B (moderate education, poor health); C (moderate education, better health); D (less education, poor health). The line passes through points, A and B. The line is decreasing and it begins at a point on the vertical axis and ends at a point on the horizontal axis. Point D is below the line and parallel to A. Point C is above the line and parallel to B.

FIGURE 1-6

Refer to Figure 1-6. The levels of healthcare and education expenditures at point C



▸ are equal to those of point A and point B.

▸ are not attainable with the government's current budget.

▸ are less than at point D.

▸ are more cost-effective than those at points A, B, and D.

▸ could be achieved if the prices of healthcare and/or education increased.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 26 times
1 Reply
Replies
Answer verified by a subject expert
gsh2571gsh2571
wrote...
#1
Posts: 139
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

arpylzr75 Author
wrote...

A year ago
Correct Slight Smile TY
MLynneMcMillan
wrote...

Yesterday
this is exactly what I needed
GeorgeNeist
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1334 People Browsing
 130 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 327934
  
 333
  
 1975
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: Does a gender wage gap exist in America?