Why are economists opposed to licensure of medical facility

Assignment Help Microeconomics
Reference no: EM13182771

1. About two-thirds of funding for substance abuse treatment comes from taxpayers. Are there external benefits of substance abuse treatment that warrant this level of public funding?

2. Vaccination schedules are predictable, meaning insurance coverage for vaccinations does not protect consumers against risks. Insurance coverage for vaccinations drives up costs because more people get vaccinated if coverage is available and because insurers have overhead costs. Does insurance coverage for vaccines do anything useful? Explain your answer.

3. Why are many economists opposed to licensure of medical facilities and personnel?

4. Why would insurance coverage tend to increase rational ignorance?

Reference no: EM13182771

Questions Cloud

State a non-negative e value for the reaction : At 72.0%u2218C , what is the maximum value of the reaction quotient, Q, needed to produce a non-negative E value for the reaction
Compare the quantities demanded between old and new bundles : Suppose that the price of good X rises and the price of good Y falls in such a way that the consumer's new optimal consumption bundle lies on the same indifference curve as his old bundle. Graph this situation. Compare the quantities demanded be..
A protein biochemist attempted to determine the amino acid : A protein biochemist attempted to determine the amino acid sequence of a decapeptide. Use the results from the trypsin, chymotrypsin, and cyanogen bromide treatments to suggest the amino acid sequence of this decapeptide.
Concepts and techniques related to organizational fraud : Use what you have learned to create a story that summarizes and/or illustrates selected key concepts and techniques related to organizational fraud.
Why are economists opposed to licensure of medical facility : Vaccination schedules are predictable, meaning insurance coverage for vaccinations does not protect consumers against risks. Insurance coverage for vaccinations drives up costs because more people get vaccinated if coverage is available and becaus..
State produce a buffer solution that has a ph : You need to produce a buffer solution that has a pH of 5.38. You already have a solution that contains 10. mmol (millimoles) of acetic acid.
What is another term for the independent variable : describes a measure used to compare two different tests with the same group of participants to see how closely correlated the two sets of scores are with each other. Inter-rater reliability, Test-retest reliability, Parallel-forms reliability, Intern..
Difference in the asset structure of the two companies : How much working capital did each of these companies have at the end of 2007? Speculate as to their rationale for the amount of working capital they maintain.
Compute the density of air at the experimental conditons : Calculate the density of air at the experimental conditons identified in part A C) Calculate the mass of air in the flask before the liquid was added.

Reviews

Write a Review

Microeconomics Questions & Answers

  How is the equilibrium price determined

How is the equilibrium price determined? What happens if the price is above the equilibrium price? What happens if the price is below the equilibrium price?

  Explain concepts of income and substitution effects

Research in developing countries indicate that the incidence of child labor actually rose in some countries as incomes (and wages) of poor families increased. This is difficult to understand since many people assume that as incomes rose, the inci..

  Explain money flows from the us federal reserve

create a flowchart by describing how money flows from the US Federal Reserve to the individual consumer and back to the government by illustrating the various ways money is distributed through financial institutions..

  Increase or decrease in demand

Find out if, for the good marked with ALL CAP lettering, if there is the increase or decrease in demand.

  How velocity is affected by an increase in real income

Determine how velocity is affected by an increase in real income (Y), an increase in the nominal interest rate, and an increase in the price level.

  Explanatory power of the regression model

Evaluate the overall explanatory power of the regression model. Use a 0 . 05 level of significance. State all your hypotheses and explain your results. Do not use rules of thumb.

  Computing the economic cost

Suppose that a student who has completed her undergraduate degree and is planniing pursuing an MBA as a full time student. The cost of the second year MBA program she is planning is $45,000 for tuition.

  Why consumers respond to buy one get one half off

Why do you think consumers respond to the "Buy One Get One Half Off" sales promotion and what principle of economics does this behavior reflect?

  Incremental cost of a particular project

In calculating the incremental cost of a particular project, how would you treat the possible future costs of a lawsuit that may occur as a result of this project, where the cost of the lawsuit might range from $10,000 to $500,000 with an associat..

  Correctly labelled demand and supply diagram

What is the negative consumption externality described in this quote? Show this externality on a correctly labelled demand and supply diagram for the petrol market.

  Which adviser was a better selector of individual stocks

Can you tell which adviser was a better selector of individual stocks (aside from the issue of general movements in the market)? If the T-bill rate were 6% and the market return during the period were 14% which adviser would be the superior stock..

  Demand for energy in the united states

The demand for energy in the United States is often described as persistently non-cyclical and not sensitive to prices effects. Describe the effect of each of the following on the demand or supply for gasoline.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd