Discuss the following As prices increase, sho...

Discuss the following

  • As prices increase, should health economists advocate giving something up?
  • As the quantity of health services¬†provided goes up, does the benefit of each additional unit of service become smaller?
  • Discuss the issue of health care in the context of the following microeconomic concepts:
    • Marginal analysis
    • Trade-offs
    • Opportunity costs
    • Normative versus positive economics
  • Should this decision be made in a centrally planned economy or a market economy?
  • Is health care a macroeconomic or microeconomic issue?
  • How would this affect production efficiency?

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