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Please answer the following debate question:
In 1994 during the debate over national health insurance, First Lady Hillary Clinton accused insurance companies of "making profits at the expense of their customers." Do you agree? Can you provide some examples of medical insurance companies being unresponsive to the needs of their customers?
Provide a response to this question using your knowledge of the current health care debate. Is it true that in the long run insurance companies can "make profits at the expense of their customers?" Discuss.
An individual makes five annual deposits of $2,000 in a savings account that pays interest at a rate of 4% per year. One year after making the last deposit, the interest rate changes to 6% per year. Five years after the last deposit, How much money i..
Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 perc..
What happens to the demand for pizza if the price of that product decreases? What happens to the supply of tomatoes if the wages of tomato pickers increase?
Suppose that the real interest rate in an economy is 6%. Real GDP grows by 2.75% a year. The new chief economic adviser to the government argues that a tax increase of $20 billion will generate huge bene?ts because the real interest rate is much l..
The cash price of a machine tool is $3500. Thedealer is willing to accept a $1200 down payment and 24end-of-month payment of $110 each.
Illustrate what is the logic of a firm setting and exercising the application of a mandatory retirement age? What are the pros and cons of the mandatory retirement practice from the perspective.
1)Briefly explain equations (1)-(10). Then, derive the equations of the curves (IS) and (LM). Assume in the following that: G* = 360 and M* = 1500.
Suppose OPEC breaks apart and oil prices fall substantially. Initially, which curve shifts in the aggregate supply/aggregate demand modell In what direction does it shift? What happens to the price level and real ouput (GDP).
Suppose that the position of a nation's aggregate demand curve has not been changed, but long-run equilibrium price level has declined.
An upscale bistro in a small town charges higher prices for the same menu items at dinner time than at lunch time. Does the bistro necessarily practice price discrimination? Explain your answer. What is the social cost of a monopoly? Explain.
If FCI raised rents at one complex by $100, what would you expect to happen to the number of units rented? If FCI raised rents at an average apartment building, what would happen to FCI’s total revenues?
According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the one found in this chapter to represent the sector of the economy devoted to collage education.
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