How Can Living in a Less-Developed Nation More Frequently Lead

question 4

Multiple Choice

How can living in a less-developed nation more frequently lead to poor health?

• A) Less-developed nations often offer less access to quality health care.
• B) Developed nations have greater access to processed foods.
• C) Less-developed nations have simpler bureaucracies so health care salaries are lower.
• D) Developed nations have greater wealth inequality, so access to care is uneven.

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Definitions:

Inferior Good

A type of good for which demand declines as the income of individuals or the economy increases, opposite to normal goods.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute a cheaper good for a more expensive one.

Income Effect

The alteration in a person's or an economy's earnings and the effect this alteration has on the demand for a product or service.

Price Change

An alteration in the cost of goods or services, which can go up or down, depending on various factors.