Examlex

Solved

In the United States in 2012, the Number of New

question 100

Multiple Choice

In the United States in 2012, the number of new, diagnosed diabetes cases was highest for people in the age range of ________, and the rate of new diabetes cases per 1,000 people was highest for people in the age range of ________.


Definitions:

Pareto Optimum

An economic state where resources are allocated in a manner that precludes the possibility of bettering one's situation without causing harm to another.

Desert Island

An uninhabited or deserted island, often depicted in literature and movies as a remote, isolated place.

Competitive Equilibrium

A market state where supply equals demand, and no economic agents have the incentive to change their behavior.

Utility Function

A mathematical representation of how a consumer ranks different bundles of goods according to the level of satisfaction or happiness they provide.

Related Questions