How can increases in a country's total income improve health?
What will be an ideal response?
Increases in a country's total income make it possible for the country to afford better sanitation, more food, and a better system for distributing the food. Higher income also allows the country to devote more resources to research and development, including medical research.
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Central banks intervene in the foreign exchange market
A) to smooth out currency fluctuations. B) to facilitate the transfer of goods and services internationally. C) to conduct foreign exchange operations for central governments. D) All of the above.
Which of the following is most risky at a time of fluctuating interest rates?
A) Commercial paper B) U.S. Treasury bill C) Corporate bond D) Large negotiable bank CD
A prisoner's dilemma is a game in which:
A. the players' payoffs are smaller when both play their dominant strategy compared to when both play a dominated strategy. B. neither player has a dominant strategy. C. the players' payoffs are larger when both play their dominant strategy compared to when both play a dominated strategy. D. one player has a dominant strategy and the other does not.
In the News article, "Are Profits Bad?" most Americans feel that the profit motive
A. Is good. B. Is bad. C. Do not motivate better product results and lower prices. D. Cause firms to ignore social needs.