One of the Challenges for Development Economists Working in Health

question 79

Multiple Choice

One of the challenges for development economists working in health care is to figure out a way to:

• A) give doctors the right incentives to practice good medicine.
• B) force families to make better health care choices.
• C) influence markets in order to keep the costs of healthcare lower.
• D) alter the educational system in order to mandate that a certain number of students go into healthcare fields.

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Definitions:

Velocity of Money

The rate at which money circulates in the economy, often used to gauge the health and vitality of economic activity.

Velocity of Money

The rate at which money is exchanged in an economy, highlighting how frequently a unit of currency circulates in a given time period.

Credit Cards

Payment cards issued by financial institutions allowing cardholders to borrow funds for purchases, which must be repaid along with any accrued interest.

Money Supply

The aggregate sum of liquid assets within an economy at a given time, including cash, bank deposits, and assets that can be quickly turned into cash.