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The National Institutes of Health (NIH) Is a Department Headed

question 3

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The National Institutes of Health (NIH) is a department headed by the Secretary of the U.S.Department of Health and Human Services (HHS) .Which action would be expected from this department?


Definitions:

Income Elasticity

A measure of how much the demand for a product or service changes relative to a change in consumers' income levels.

Normal Good

A good for which demand increases as the income of consumers increases and decreases as the income of consumers decreases.

Price Elastic

Pertains to a measurement in economics of how responsive an economic variable's quantity is to a change in its price.

Total Budget

The complete amount of money allocated for a particular purpose, project, organization, or time period.

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