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Health Economics Practice Questions Based on concepts from Health Economics: Core Concepts and Essential Tools With Answers & Rationales 1) Scarcity in health economics refers to the fact that: A. Healthcare is unlimited B. There is never enough supply to satisfy all healthcare wants and needs C. Healthcare demand always decreases D. Resources always exceed needs ✅ Answer: B Rationale: Scarcity means resources are limited relative to people’s wants and needs. In healthcare, this means choices mu
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