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Studies have shown that even in cases of clear negligence, patients are less likely to sue doctors who they like, that is, doctors who treat them kindly and are apologetic when things go wrong.
1) First, imagine a world where doctors do not have liability insurance. In order to face correct incentives for precaution, should "nice" doctors be subject to higher punitive damages when they get sued? Explain.
b) Next, imagine a world where doctors do have liability insurance, and pay their own premiums, which go up each time they are successfully sued. In this world, explain why you might not want to be treated by a nice doctor.
Assume government imposed a minimum wage above what otherwise would be the equilibrium wage rate for this segment.
Which of the following is an example of fiscal policy being used in the US?
Ryan's annual salary is $120,000 per year. He asked his employer to pay $20,000 of his salary to his elderly grandmother who is in a nursing home. The employer makes the $20,000 payment directly to the grandmother and pays the balance to Ryan.
Suppose that the number of packages delievered per day cannot be increased but the price per delievery might potentially be raised. What price per delievery would the frim have to charge for each delievery in order to maintain the firms profit per..
Elucidate what impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run.
You have done some research and believe that the master's degree will add $6,000 per year to your salary for the next 10 years of your working life, starting at the end of this year. From then on, after the next 10 years, it makes no difference.
A company is trying to provide goods and services to customers in a balanced customer benefit package CPB. Do you see any conflicts in a goods-producing versus service-providing way of thinking
It is May 1. You have just bought $2000 worth of furniture. You will pay for it in 24 equal monthly payments starting at the end of May next year. Interest is 6% nominal per year, compounded monthly. How much will your payments be? Using compound int..
In a time of fiscal restraint, politicians campaign on getting rid of "bureaucrats" who make government more inefficient and cost taxpayers more money. However, is there a value to having public servants? What does a bureaucracy do?
Discuss the performance of the economic over those ten years and provide evidence and explanation for the economic performance, such as high unemployment rate high inflation rate and/or steady, long term economic growth.
All of the firms will submit sealed bids. The procurement officer will look at all of the bids and select the lowest bid but pay to the lowest bidder a price equal to the price bid by the second lowest bidder. Show that bidding c is a weakly domin..
Define cyclical unemployment and explain why it is targeted by stabilization policy. Explain what the natural rate of unemployment or full employment means. How can the natural rate of unemployment be 6% at one time and 5% at another time?
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