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Most hospitals in Great Britain are owned by the government (part of the British National Health Service), and the doctors who work in them are employees of the hospital. In what ways do you think their behavior would differ from comparable doctors (same specialty, training, etc.) in a not-for-profit hospital in the United States?
When comparing the distribution of wealth to the distribution of income, it can be noted that
Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
Identify and discuss a benefit that NAFTA has produced fo the United Stateseconomy. What are the main economic and political arguments for regional economic integration? Do you think it is correct for the European Commission to restrict mergers betwe..
Why might the electricity industry offer to pay large consumers of electricity to stop using electricity during periods of high demand? Put another way, what is the purpose of interruptible load programs?
Drawing on current business publications, find out some updated facts for each case that support this theme.
Assume that the job separation rate s is 0.01 (1%) per month and that the job finding rate f is 0.2 (20%) per month. Assume that the labor force today (period t = 0) is 100 million. What is the steady state unemployment rate for this economy?
An engineer deposits $900 each month into a retirement account. After 30 years, the balance in the account is $1.7 million. Determine the effective annual rate of return for this account.
Illustrate the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy can produce?
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will replace the product if it fails. Would you want to price the extended warranty at 2% of the product price? Discuss both mor..
Provide an example when it could be appropriate to conduct a time-series or cross sectional data. Discuss the potential problem that may arise with your example and identify strategies for minimizing the impact of the potential problem.
Suppose the bank of Canada wanted to increase the supply of money. How could it use monetary policy achieve the goal? The money demand curve is shown in a graph with interest rate on short term assets on the vertical axis. Why use short-term interest..
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