Anjali’s government has adopted a system of universal healthcare and requires that practicing doctors meet rigorous standards. Anjali’s government is investing in ______.
a. physical capital
b. technology
c. natural resources
d. human capital
d. human capital
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In the income-expenditure model, the 45-degree line
A) shows total expenditures at various price levels. B) marks all equilibrium output levels. C) is also called the planned expenditures line. D) is the locus of all the points for which output equals expenditures.
High-income countries have ________ and ________ as compared to developing countries
A) high rates of savings; low rates of growth B) high rates of savings; high rates of growth C) low rates of savings; high rates of growth D) low rates of savings; low rates of growth
Explain the difference between correlation and causation
What will be an ideal response?
Figure 15-2
The firm illustrated in Figure 15-2 is producing
A. less than it would if the external costs were internalized. B. more than it would if external costs were internalized. C. a beneficial externality. D. at the socially optimal point.