The Statement "Households Maximize Utility" Means That Households

question 2

Multiple Choice

The statement "Households maximize utility" means that households

• A)try to be as useful as possible to the economy
• B)are only interested in maximizing their earnings
• C)are assumed to buy useful things before they buy luxuries
• D)are only interested in acquiring material wealth
• E)are assumed to do what they think will increase their satisfaction

Appreciate the influence of health psychology in health care.

Understand the demographics of health and life expectancy in the U.S.

Understand the demographic factors influencing health disparities and medical care among various ethnic groups in the U.S.

Recognize factors contributing to socioeconomically based health disparities even with universal health care access.