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In an effort to create a healthcare safety net, the government requires employers to provide healthcare coverage to all employees. What impact will this increased coverage have on the demand for doctors in the short run?
a. It will not affect the demand for doctors.b. It will decrease the demand for doctors.c. It will increase the demand for doctors.
Most hospitals in Great Britain are owned by the government (part of the 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 in a not-..
Explain why excise taxes are more effective at raising tax revenues when applied to products with price inelastic demand versus ones with price elastic demand. Under what conditions would it be possible for tax revenues to decline with higher excise ..
explain how would this change affects the optimal investment rule for the firm.
What are some of the factors which affect the demand for goods and services? What happens to the demand for a good when each of these factors decreases? The market for hotdogs is currently in market equilibrium (Supply = Demand).Using Demand and Supp..
Better Buy is having a sale this weekend on digital cameras. Its two most popular models are on sale but their sales are not independent. If the price of one increases, the sales of the other increases. In economics this is referred to as substitutab..
For which of the following goods would a 10 percent price increase lead to the largest income effect for most consumers?
Evaluate and compare the "vertical restraints" of the two industries / sectors for the purposes of assessing the consequences of these provisions for strategic decision making.
Calculate the total differential of Q. For the next three questions the answer should be a number is the other good a complementary good or a substitute good also Explain why.
For each of the following, identify whether the statement is true, false or uncertain and justify your answer. If everyone has the same marginal rate of substitution, then the allocation is Pareto efficient. b) If a policy change increases social wel..
What are the government's fiscal policy options for ending a severe recession? What are the short term and long term consequences of using fiscal policy for ending a server recession? What are the Monetary policy tools the Federal Reserve Board uses...
Explain how are the gains from trade shared among the parties to a trade. Is it possible for specialization and trade to increase total output of traded goods.
Illustrate what is the relationship between marginal revenue also marginal cost as the firm increases output?
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