ECON 2D03 Study Guide - Quiz Guide: Infant Mortality, Demand Curve, Social Cost
7 Jan 2014
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There are 16 true-false questions worth 80 marks. If a part of a statement is false, then the whole statement is false. Circle a if the statement is true (t) and circle b if the statement is false (f). Demand for health capital is a derived demand and it shifts to the right due to education. Constant marginal return of health capital explains why the demand curve for health capital is a linear down-sloping curve. Economic growth, public health care facilities and modern medicine led to dramatic increases in life expectancy at birth and life expectancy at various other age-categories. Latest findings show that per-capita health expenditure is about double in comparison to canada"s per capita health expenditures. Yet u. s. residents received fewer physician and hospital services. According to infant mortality rate in canada and selected countries in 2006, infant mortality in canada is near the high end of the range among these oecd countries.
