Question

From an economic perspective, does curative medicine seem to reproduce decreasing returns in health improvement while health care expenditures increase?

1) True
2) False

Answer 1

From an economic perspective, curative medicine does not seem to reproduce decreasing returns in health improvement while health care expenditures increase. Improvements in medical technology can lead to more healthcare being provided with the same amount of resources, resulting in increased health improvement. It is important to consider the relationship between health care expenditures and health improvement from an economic perspective.

Step-by-step explanation:

From an economic perspective, curative medicine does not seem to reproduce decreasing returns in health improvement while health care expenditures increase. In fact, improvements in medical technology can lead to more healthcare being provided with the same amount of resources, which can result in increased health improvement.

In terms of the production possibilities curve, an improvement in medical technology would shift the curve outward, allowing for more healthcare to be produced without sacrificing the production of other goods and services. This would not directly affect the opportunity cost of education, as the increase in healthcare production would not necessarily require a decrease in education production.

Overall, it is important to consider the relationship between health care expenditures and health improvement from an economic perspective, as various factors such as technology advancements can influence the outcomes.