Which of the Following Statements Is TRUE

question 91

Multiple Choice

Which of the following statements is TRUE?
I. People with common diseases live longer than people with rarer diseases.
II. Developing drugs for common diseases is a lot less expensive than developing drugs for rare diseases.
III. It is more profitable to make drugs for common diseases because the market is bigger than it is for rare diseases.

• A) I and II only
• B) I and III only
• C) II only
• D) III only

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Definitions:

Invoice

A document issued by a seller to a buyer that specifies the products or services sold, quantities, and agreed prices for products or services provided.

Interest Days

The total number of days over which interest is calculated on a loan or investment.

Interest-Bearing Note

A note that has a maturity value greater than its face value.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.