Answer:
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Explanation:
Answer:
Option B William is probably a doctor
Explanation:
The reason is that he is specifically pointing out the health care system with no specific judgement and hasn't based his views on authentic information neither he has used any numerical values in his statement. The doctors might think that the expenses are high enough but the economist compares the government spending on health care with a number of different countries and considers its value generation on a number of variables. For example, the statistical data that the economist uses are based on the spending of US to recover a unit patient from accidents, etc. So William is most likely a doctor.
A downfall of the infant-industry argument is that o<span>nce established, a tariff is politically difficult to remove.
For new industries, it almost impossible for a new startup to compete against a well-established industry unless they have a unique differentiation in their product.</span>
Answer:
d. being consumed by buyers who value it most highly."
Explanation:
Since the efficiency arises when optimal amount of each good and service is being produced and consumed in the economy.
Hence it can be said that inefficiency exists in the economy when a good not being consumed by the consumer who value it highly.
The most recent I can find is 12% in 2001
