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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In the highly competitive fast-food restaurant market, brand name restaurants have a strong profit incentive to maintain high sanitary conditions and avoid any negative consequences
Indicate whether the statement is true or false
Economic models are
A) always based on laboratory methods similar to natural sciences. B) a simplified representations of the real world. C) used only in microeconomic analysis by households. D) used only in macroeconomic analysis by business firms.
Which of the following about inflation is true?
a. High rates of inflation are usually associated with wide year-to-year changes in inflation. b. High rates of inflation are usually associated only with very large countries such as the United States. c. High rates of inflation are usually associated only with smaller countries such as Costa Rica. d. High rates of inflation will generally improve the economic efficiency of an economy.
Suppose the dollar-euro exchange rate falls. Then
A. the dollar is less valuable relative to the euro. B. French firms will import more from the United States into France. C. U.S. firms will export less to France. D. the euro is more valuable relative to the dollar.