What are the critical health challenges facing developing countries today and what measure(s) are being taken to confront these challenges? Explain your answer
What will be an ideal response?
Combating the burden of diseases (malaria and HIV/AIDS prominent among these) and breaking the vicious circle between lack of health and low productivity.
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The following economy produces two products.ProductsProduction Possibilities?ABCDEFTanks012345Autos10009508506503500Given the production possibilities schedule above, a combination of three tanks and 350 autos:
A. cannot be produced by society, given its current level of resources and production technology. B. illustrates the trade-off between tanks and autos. C. is not attainable because this combination is not listed in the schedule. D. is attainable but involves the unemployment or inefficient use of some of society's resources.
Does a real-world market have to meet all the assumptions of the theory of perfect competition before it is considered a perfectly competitive market?
A) No, probably no real-world market meets all the assumptions of the theory of perfect competition. All that is necessary is that a real-world market behave as if it satisfies all the assumptions. B) Yes, if a real-world market does not meet the assumptions, then it cannot be considered a perfectly competitive market. C) Yes, unless it is a new market such as the computer market. New markets are not held to the same assumptions as old, more established markets. D) No, but it does have to meet the assumption of producing and selling a homogeneous product. It does not have to fully meet the other assumptions.