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Discuss statistics on the different types of insurance held by the U.S. population. Emphasize the different Medicare plans: Part A, Part B, and Part D and the State Children's Health Insurance Program. What about private insurance, what types of private insurance is there and how is it funded?
Based on your research what type of insurance, public or private contributes more to the percentage of GDP that is associated with health care costs? Who is getting rich?
The government can improve economic efficiency by forcing individuals and firms to participate in the market. Explain two situations when government intervention is beneficial.
If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay. Explain how much tax revenue is collected.
Do you agree/disagree with the following statement: If the government increases the excise tax on bikes, the prices of bikes will rise? However, this will then cause the demand to decrease and as a result prices will fall back to their original level..
As a result of the Industrial Revolution, British and French financiers built up enormous reserves of capital. Seeking to earn high rates of return on their investments, they helped to finance all of the following except:
Scarecrow Manufacturing will need to begin paying a licensing fee of $7402 at the end of year 7. Scarecrow will have to pay the licensing fee for 8 years, but the fee will decrease each year by $124. How much does Scarecrow need to deposit each year ..
EPA issued 30 tons of permits to two different utilities. If the utilities had been truthful about what it cost them to mitigate a ton of pollution and EPA had been able to make the marginal benefits and marginal cost equal (balanced). what would the..
Some economists claim that a budget deficit often spawn an evil twin, a trade deficit. Explain how a budget deficit might lead to an appreciating currency and a trade deficit. According to economists, what is (are) the true cost(s) of a budget defici..
Suppose a linear demand function is estimated for good x as, Qd = 100 – 4*Px + 6*Py + M. where Px = $4, Py = $2, and M =10. M is the average income of consumers, measured in thousands of dollars. What is the price elasticity of good x? (choose the ne..
Locate an academic article published within the last 3 years that addresses some aspect of contracts. Why is the author writing about the subject? What is the thesis of the article? What are the key points/facts presented in the article? What are the..
Research and discuss the foreign exchange market in terms of both the value of the currency over time and any regulations affecting the currency for China in 2016.
Calculate the firm’s maximized profit, and the revenue and cost that produce that profit. (h) Calculate the elasticity of demand at the profit-maximizing point. (i) What is the firm’s markup at the profit-maximizing point? Confirm that this markup ha..
A Production Process A has a fixed cost of $340,000 and a variable cost of $145 per unit. Production Process B for the same product has the fixed cost of $1,250,000 and variable cost of $95.50 per unit. How many units should be produced by Production..
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