Question

7/ Where have the gains in life expectancy been the largest between 1960 and 2014?

a. They have been roughly equally spread among all countries.

b. There have been no gains in life expectancy.

c. In the poorest countries.

d. In the richest countries.

8/ Which of the following is an example of an externality in health markets?

a. People lack enough information to know whether doctors are qualified.

b. Pharmaceutical companies do not invest in medications to treat poor country diseases because markets are too small.

c. People find it hard to make investments that have uncertain benefits in the distant future.

d. People underinvest in vaccines because they do not account for the additional benefit that they will not infect the people they meet.

9/ Which of the following would be measured in a nation's human capital?

a. The quality of its roads.

b. The number of airports.

c. The education of its workforce.

d. The sophistication of its technologies.

Answer 1

7) Option d

With the increase in health spending by rich nations the life expectancy too increases

8) Option d. As externality is the cost or benefit that affects a party who did not choose to incur them

9) Option c

The quality of human capital is determined by the education level