Data from a study of retail drug prices by the OECD and Eurostat (2008) showed that:
a. there is some evidence that pharmaceutical prices are highly correlated with a country's per capita GDP.
b. high-income countries can keep their drug prices below the OECD average by relying on strict price controls.
c. the U.S. had the highest retail drug prices among the 30 countries studied.
d. U.S. drug prices are double the OECD average.
a. there is some evidence that pharmaceutical prices are highly correlated with a country's per capita GDP
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The consumption function shows
A) a positive relationship between an individual's stock of wealth and his level of planned consumption. B) a negative relationship between planned consumption and aggregate saving. C) a positive relationship between disposable income and planned consumption. D) a negative relationship between disposable income and planned consumption.
The expenditure method of calculation of GDP is as follows: GDP = Consumption + Investment + Government Spending + Net Exports
a. True b. False Indicate whether the statement is true or false
Other things the same, a decrease in the real interest rate
a. increases the quantity of loanable funds demanded. b. shifts the demand for loanable funds curve to the right. c. decreases the quantity of loanable funds demanded. d. shifts the demand for loanable funds curve to the left.
What is meant by human capital and how can it be used to promote economic growth?
Please provide the best answer for the statement.