Match the Term with the Definition

question 38

Multiple Choice

Match the term with the definition:
-The rate of infant deaths (from live birth to 1 year) per 1,000 live births

• A)activities of daily living (ADLs)
• B)compressed morbidity
• C)disability-adjusted life expectancy
• D)health status
• E)incidence
• F)infant mortality rate (IMR)
• G)instrumental activities of daily living (IDLs)
• H)life expectancy

Recognize the impact of income changes on the demand for normal and inferior goods.

Analyze the impact of price changes on related goods (substitutes and complements).

Examine graphical representations of changes in demand and quantity demanded.

Understand the implications of the law of demand on market dynamics.

---

Definitions:

Less Elastic

Describes a situation where the demand or supply for a product or service is relatively unresponsive to changes in price.

Perfectly Inelastic

A situation where the demand or supply for a good does not change in response to changes in price.

Demand Curve

A graph that shows the relationship between the quantity of a good demanded and its price.

Completely Vertical

In economics, this can refer to a supply curve that is perfectly vertical, indicating that the quantity supplied is completely unresponsive to changes in price.