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An insured patient is admitted to a hospital. Compare the ad
An insured patient is admitted to a hospital. Compare the advantages and disadvantages of fee-for-service payments and a DRG-based payment system from the perspective of (a) the patientâ??s insurer; (b) the hospital to which the patient was admitted; (c) the patientâ??s admitting physician; and (d) the patient.
Illustrate what effect a contractionary fiscal policy have on the price level and real GDP.
Explain why the following statement is false: If a firm's output is increasing and marginal cost (change in total cost divided by change in quantity) is rising, then average total cost (TC/Q) must be rising also.
Karen earns $75,000 in the current period and will earn $75,000 in the future. Assuming that these are the only two periods, and that banks in her country borrow and lend at an interest rate r = 0, draw her inter-temporal budget constraint.
Describe the law of diminishing returns. Then discuss why you agree or disagree with following statements.
Discuss how labor market mobility affects the unemployment rate.
Describe the creation of money from excess reserves and multiple deposit expansion in banking system. How does the multiplier affect the supply of money?
D&Z Dry Foods Distributions specializes in the whole distribution of dry goods, such as rice and dry beans. The firm's manager is concerned about an article he read in the morning's Wall Street Journal
Show that the government can achieve the social optimum by setting the correct tax prices a, b, and c. What prices should it set?
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain. What is the impact of opening trade on the real wage in Russia? Briefly explain.
Suppose an economy only produces single consumption well. Consider permanent upward shift of production function. Graphically describe the effects on each of following:
What is the amount of loans from rest of the world? What is the current account balance? What is capital account balance?
Fiscal policy also decrease the dollar like monetary policy.
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