Which of the following would likely lead to the greatest improvement in the health status of the population in the United States?
a. Improved lifestyles, including reductions in the use of tobacco, alcohol, and drugs
b. Higher per capita incomes
c. More spending on public health, such as improved water supply and sanitation
d. More rural hospitals
e. More medical care spending overall
a. Improved lifestyles, including reductions in the use of tobacco, alcohol, and drugs
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According to the text, the beneficiaries of economic growth in poor nations are often the privileged government officials rather than the working masses. Why?
A) The officials deserve it. B) The working masses can afford to get by with less, but the government can't. C) The officials are often willing to grant foreign investors special deals as long as the investors share some of their investment returns with them and their cronies. D) For all of the above reasons.
What happens to the price elasticity of demand moving down along a downward-sloping, linear demand curve?
What will be an ideal response?
With only two goods, if the income effect is in the opposite direction as the substitution effect but the substitution effect dominates then the good is
a. normal b. inferior but not Giffen c. Giffen d. There is not enough information to answer.
A reduction in regulation will shift the aggregate:
a. supply curve leftward. b. supply curve rightward. c. demand curve leftward. d. demand curve rightward.