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You are a member of a presidential commission appointed to consider a mandatory national health insurance plan and the question of how to fund the plan is being discussed.
Specifically, three separate options are being considered to generate an average of $4,000 per worker-a flat mandatory premium, a doubling of the current 7.65% payroll tax that comes out of people's pay to cover social security and Medicare, and a 7% increase in income tax.
Think about funding plans from the perspective of three workers:
Based on the above scenario, answer the following questions:
the utility function isu u x yif the 2nd derivative for both x and y is greater then 0 does that mean the indifference
Explain how to measure the price elasticity of demand and supply and the cross-elasticity income elasticity of demand? Explain the elasticity of supply for gasoline?
consider the following scenario ppq parts has determined that for the company to expand globally over the next several
Explain carefully why interest rates on each of the following short-term financial instruments will be closely tied to the level federal funds rate: short-term bank CDs, short-term Treasury bills, short-term commercial paper. Why is the yield on shor..
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? Explain what is meant by a built-in stabilizer and give two examples
Do you think the overall level of R&D would rise or reduce over the next twenty to thirty years if the lengths of new patents were extended from twenty years to, say "forever"?
The Concise Encyclopedia of Economics
what are the four assumptions in the production possibilities curve and how can unemployment be illustrated with that
Explain game theory and how you can apply the concepts in your life and work now and in the future? How does game theory relate to competitive advantage?
ABC is monopoly seller of aluminum in United States and sells no aluminum on world market. It sells aluminum domestically for $2500 per ton and its average expense is $2200 per ton.
Assume that in a hypothetical economy with no government and no exports the following conditions exist: Consumption function = 3 + 0.6Y; Planned Investment = $5 trillion;
A job order cost accounting system is fully integrated into the general ledger of a company. Identify the major general ledger accounts used in a job order cost system
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