How can improvements in health increase a country's total income?
What will be an ideal response?
Improvements in health make it possible for people to work harder as they become taller, stronger, and more resistant to disease. Working harder makes a country more productive and raises its total income.
You might also like to view...
Which of the following statements presents accurate information about antebellum wages for males employed in manufacturing?
a. During the 1850s, real wages doubled. b. Real wages were higher and grew more rapidly in New England than in the Middle Atlantic states. c. Wage rates converged in the mid-1800s due to transportation improvements. d. Wage rates in the 1820s were higher in rural areas than in urban areas.
Store of value
In Figure 3.2, what is the variable cost to the producer? 
A. 0BCQ* B. 0PCQ* C. BP*C D. P*AC
The value today of a specific sum of money to be received in the future is referred to as:
A. the future value of that sum of money. B. the present value of that sum of money. C. compound interest. D. the time-value of money.