Life expectancy begins to rise is not a reason why infectious diseases like malaria and HIV/AIDS often hamper economic development. Option A
Infectious diseases like malaria and HIV/AIDS often hamper economic development due to various reasons, but life expectancy beginning to rise is not one of them. The other options, B) Caregivers lose time at work, C) More tax dollars are shifted to health care, and D) People have difficulty working and earning income, are valid reasons.
B) Caregivers lose time at work: Infectious diseases require care and support, and often family members or individuals themselves must take time off from work to provide care. This results in productivity loss and decreased income.
C) More tax dollars are shifted to health care: Governments need to allocate a significant portion of their budget to address the healthcare needs caused by infectious diseases. This diverts resources that could otherwise be used for other developmental activities such as education, infrastructure, or social programs.
D) People have difficulty working and earning income: Infectious diseases can cause significant morbidity, leading to individuals being unable to work or being less productive. This reduces overall productivity and income generation, both at the individual and societal levels. Option A
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Answer:
Option C
Explanation:
In simple words, A swap bank refers to the entity that serves as just a broker for two counterparties that decide to apply through a rate of interest or exchange swap arrangement and must remain confidential. The swap banking incorporates both parts of the transaction and usually receives a reward price from both underwriters to encourage the swap.
Thus, from the above we can conclude that the correct option is C.
Answer:
Lies below its demand curve and is steeper than its demand curve.
Explanation:
The marginal revenue curve for a monopolist lies below the demand curve because of the quantity effect. The quantity effect refers to the fact that even a monopolist must lower its price if it wants to sell a larger quantity of goods or services.
The slope of the marginal revenue curve is steeper than the demand curve because it reflects the market power of the monopolist. Instead, the marginal revenue curve for a perfectly competitive firm (with 0 market power) is horizontal or perfectly elastic.
Answer:
Switching cost.
Explanation:
In Microeconomics, Switching cost can be defined as the cost that a consumer or service taker incurs from having to switch service provider, supplier, product or brand to another. It is also known as switching barriers, which basically involves the cost associated with changing of brand or service provider.
Hence, the cost of changing to another bank represents Sandy's Switching Cost.
Answer:
b. Switching cost
Explanation:
The cost of Sandy changing to another bank represents Sandy's switching cost.
Switching cost refers to the cost incurred by a customer as a result of changing brands or produce.
An individual or Customer can decide to change brands, product or suppliers at a particular time due to a number of reasons. The cost of that change is called switching cost.
Customers usually switch product if it is discovered that the new product has more benefits than the previous product.
The cost of switching can be
• Time costs: The cost of time Sandy used to change to another bank.
•Effort-based cost: The effort Sandy directed to changing her bank.
• Psychological cost: This is the is the cost of determining whether the new bank will be better than the former bank.