| Direction: Study the following passage carefully and answer the questions given below: |
| Economic science is equipped with analytical tools for the allocation of resources that provide answers and solutions to problems of accessibility and efficiency in the production and distribution of goods and services. However, the economic concepts of demand, supply, production and distribution take on a special meaning when they refer to goods and services intended for the health of human beings. The United States is currently spending twice as much on healthcare per capita as every other advanced industrial nation, which negates the idea that healthcare is functioning like a normal competitive market. |
A) It certainly has economic concepts and efficiency in distribution
B) Usually healthcare market is not normal in competitive market
C) United States had abnormal healthcare market among other nations
D) (a) and (c)
Correct Answer: B
Solution :
(b) Reasoning type: Criteria Reasoning Focus of the question: Inference Relationship analogy: Object and Function Analogy United States negated the idea that healthcare is functioning like a normal competitive market. It means that usually healthcare market is not normal in competitive market.
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