National health care programs are not as effective as they could be because:
A. health care providers tend to have a high absentee rate.
B. traditional Western medicine is largely untrusted in most parts of the developing world.
C. many doctors in clinics do not have sufficient knowledge to properly diagnose patients.
D. patients are not receptive to utilization of modern medicine in most nations.
A. health care providers tend to have a high absentee rate.
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The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to
A) establish long-standing ties with high-level officials of other nations' central banks. B) ensure that the governors become well-experienced at policymaking. C) promote unity of opinion from shared time together. D) insulate the governors' policy decisions from the influence of presidential elections and politics.
Which of the following is true of the relationship between disposable income and consumption?
a. Disposable income and consumption are both dependent variables b. Disposable income and consumption are both independent variables. c. Disposable income is the dependent variable and consumption is the independent variable. d. Consumption is the dependent variable and disposable income is the independent variable. e. Disposable income and consumption are negatively related to each other.
Which of the following statements is valid when the market supply curve is vertical?
a. Market quantity supplied does not change when the price changes. b. Supply is perfectly elastic. c. An increase in market demand will increase the equilibrium quantity. d. An increase in market demand will not increase the equilibrium price.
In economics, the accumulated skills and training that workers have is known as
A) human capital. B) entrepreneurship. C) physical capital. D) innovation.