Income and Education Are Closely Linked with Health Status

question 74

Multiple Choice

Income and education are closely linked with health status.The _______________ the poverty rate and the _______________ the education level,the more likely it is a group will have poor health.

• A)higher;higher
• B)higher;lower
• C)lower;higher
• D)lower;lower

---

Definitions:

Externalities

Spillover effects of an activity that influence the well-being of nonconsenting parties.

Opportunity Cost of Capital

The potential return that is foregone by investing capital in one project rather than an alternative investment.

Stockholder Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the extent to which a firm has exceeded the break-even point.