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arpylzr75 arpylzr75
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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
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gsh2571gsh2571
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arpylzr75 Author
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A year ago
Good timing, thanks!
DragonHeart
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Yesterday
You make an excellent tutor!
rene_ram97
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2 hours ago
Brilliant ツ
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