Singapore's health care system is identified by critics of the PPACA as one good alternative system to study and emulate. Singapore has the following characteristics, except:
A. Singapore has among the world's lowest infant mortality rates
B. Singapore spends about the same on health care per person as the U.S., but it ranks among the top in every health-quality category monitored by the World Health Organization unlike the U.S.
C. Singapore has among the world's highest life expectancies
D. Singapore spends less than 4% of its GDP on health care
B. Singapore spends about the same on health care per person as the U.S., but it ranks among the top in every health-quality category monitored by the World Health Organization unlike the U.S.
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The income effect explains why there is an inverse relationship between the price of a product and the quantity of the product demanded
Indicate whether the statement is true or false
Inflation initiated by increases in wages or other resource prices is labeled:
A. demand-pull inflation. B. demand-push inflation. C. cost-push inflation. D. cost-pull inflation.