The first blank is <span>Simple Interest and the last one is CashBack</span>
During a recession, median income falls by 15%. If the demand for grapes falls by 12%, grapes are a normal good with an income elasticity of demand of 0.8.
To find the income elasticity of demand follow this equation:
income elasticity of demand = change in demand/change of income
income elasticity of demand = 0.12/0.15 = 0.8
Grapes are a normal good because the income elasticity of demand is greater than zero.
The increased use of expensive medical technology is the most important factor leading to rising health care costs in the united states since 1980.
<h3>Why is medical technology so expensive?</h3>
- Due to the high expenditures of clinical trials, research and development, and market variables, medical equipment is quite expensive. A cutting-edge medical technology nearly typically costs more money.
- America's healthcare system has grown more complex. Each insurer has their own specifications. Because of this, hospitals must produce a wide range of documentation according to the patient's insurance company. They are unable to reduce expenses and standardise the procedure.
- The money needed to establish the infrastructure for a private medical college is the cause of the high fees.
- If you are unable to obtain a seat at the government medical college of India, it may be assumed that becoming a doctor in India might be quite expensive.
Learn more about expensive medical technology refer to :
brainly.com/question/20692581
#SPJ4
This statement is true - only because a team is cohesive doesn't mean that it is going to be very productive.
This doesn't only depend on the team itself, but also on the relationship between management and the working team. The team has the potential to be very productive, but it will depend on this relationship I mentioned. If it's good, they are likely to be productive, and vice versa.