McKeown's (1976) research attributed the majority of the secular decline in mortality rates in Europe and North America to
a. better nutrition and housing.
b. improved sanitary conditions.
c. clean water and waste disposal.
d. reduced exposure to diseases.
e. better medical care.
A
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The term "market" in economics refers to
A) a group of buyers and sellers of a product and the arrangement by which they come together to trade. B) a legal institution where exchange can take place. C) an organization which sells goods and services. D) a place where money changes hands.
According to the Coase theorem, whatever the initial distribution of rights, the interested parties can bargain to an efficient outcome
a. True b. False Indicate whether the statement is true or false
What is it called when the government uses some tool other than money to allocate goods?
What will be an ideal response?
If the economy is in equilibrium at $400 billion of GDP and the full-employment GDP is $500 billion:
A. real and nominal GDP will both increase. B. GDP will remain at $400 billion unless aggregate expenditures change. C. real GDP will increase, but nominal GDP will decrease. D. the price level will increase.