A Dual Economy Is Characterized By

question 62

Multiple Choice

A dual economy is characterized by:

• A)rapid productivity growth in both the agricultural sector and the manufacturing sector.
• B)uneven development trends in two economic sectors.
• C)drastic differences in regional work ethics.
• D)the nonexistence of the government and foreign trade sectors.
• E)a manufacturing sector that does not depend on natural resource supplies for production.

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Definitions:

Private And Public Insurance

Systems of insurance provided by private entities and government to offer financial protection against various risks.

U.S. Total Health Spending

Refers to the total public and private expenditure on health care services and products in the United States, measured annually.

Health Care Costs

The total expenditures required for services to prevent, diagnose, treat, or manage illnesses and conditions.