One way to increase economic efficiency in saving lives is to
a. shift resources toward methods with low cost per life saved
b. shift resources toward methods with high cost per life saved
c. allocate more resources to saving lives
d. allocate fewer resources to saving lives
e. move along the production possibilities frontier and increase the number of lives saved
A
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The Ricardian equivalence theorem states that
A) spending on national defense is a direct expenditure offset. B) an increase in government spending by the federal government leads to offsetting reductions in state government spending. C) government spending financed by taxes is equivalent to government spending financed by borrowing. D) an increase in government spending financed by higher taxes has no effect on aggregate demand.
If a bond was to pay off one year from now for $440 and the interest rate is 10 percent, what is the price of the bond?
A) $44 B) $400 C) $440 D) $484