Discuss how incentives of physician differ in both countries

Assignment Help Business Economics
Reference no: EM13833162

In the U.S. health expenditures on drugs amount to about 10% of total health expenditures. In Japan, where physicians are legally permitted to sell pharmaceuticals, national expenditures on drugs are almost double the level in the U.S. Discuss how the incentives of physicians differ in both countries. Suggest some reasons why the legal requirements might be so different.

Reference no: EM13833162

Questions Cloud

Use axiom of transitivity to prove that indifference curves : Use axiom of transitivity to prove that indifference curves cannot touch each other. Use axiom of non-satiation to prove that indifference curves will always be downward sloping and utility functions will always be upward sloping. Use the axiom of di..
Supply-aggregate demand model : Using an aggregate supply/aggregate demand model chart the short run effects of decreasing government spending (assuming you began in a short run and long run equilibrium)
Cost control efforts from legislators : Explain why physician groups and health service workers’ unions prefer stricter licensure requirements rather than cost control efforts from legislators. What are the most difficult aspects of the Coase Theorem in solving a problem like spread of a d..
Describe the internal labor maker of the company : Describe the Internal labor maker of the company in terms of job stability (staying in same Job), promotion paths and rates, transfer paths and rates, demotion paths and rates and turnover (exit) retes
Discuss how incentives of physician differ in both countries : In the U.S. health expenditures on drugs amount to about 10% of total health expenditures. In Japan, where physicians are legally permitted to sell pharmaceuticals, national expenditures on drugs are almost double the level in the U.S. Discuss how th..
Role of risk and return in the pharmaceutical industry : Discuss the role of risk and return in the pharmaceutical industry. In the U.S. health expenditures on drugs amount to about 10% of total health expenditures. In Japan, where physicians are legally permitted to sell pharmaceuticals, national expendit..
Money is spent on medical care for the elderly today : Research shows that much more money is spent on medical care for the elderly today than 50 years ago. What is the likely reason? Do today’s elderly tend to be sicker and more likely to be disabled than in prior years?
Defined as the product of quantity of an item sold : Total revenue is defined as the product of quantity of an item sold and it price. The price of an item is given by: The total cost incurred is the sum of the fixed costs and operating costs. The latter increases as more items of a product are manufac..
Effective annual return on investment : An investment currently costs $30,000 if the current inflation rate is 3% and the effective annual return on investment is 8%. Approximately how long will it take the future value to reach $45,000?

Reviews

Write a Review

Business Economics Questions & Answers

  Qas ceo of firm a you and your management team face the

q.as ceo of firm a you and your management team face the decision of whether to undertake a 200 million rampd effort to

  Elucidate the underlying experiment of interest

Elucidate the underlying experiment of interest when we want to examine the effects of cigarette smoking on workdays lost.

  Should get your moneys worth

You and a friend have each spent $8 on a non refundable movie ticket. Ten minutes into the movie, you both decide that the movie is horrible. Your friend says that you should stay and watch the rest of the movie because you “should get your money's w..

  How does the relative tax advantage change if company

How does the relative tax advantage change if the company decides to pay out all equity income as cash dividends that are taxed at 15%?

  Students are required to write an essay on a significant

students are required to write an essay on a significant recent economic event or activity.discuss an economic activity

  Some of the market structures we have seen are not realistic

Can you name some well known firms that we have heard about recently going out of business? What names come to mind? Some of the market structures we have seen are not realistic and some are realistic can you tell me more about it. How is that ? Why ..

  Assume the market for bagels is in equilibrium

Assume the market for bagels is in equilibrium.

  Consider partial factor tax on capital used in food industry

Imagine a world with two goods, food (F) and shelter (S), and two factors of production, labor (L) and capital (K). Assume that labor and capital can be employed in either sector of the econ omy (the food sector or the shelter sector) and that these ..

  Effect of the acquisition on markets concentration ratio

In granting (or prohibiting) proposed acquisitions or mergers in an industry, government regulators consider a number of factors, including the acquisition’s effect on concentration, ease of entry into the market, extent of ongoing price competition,..

  Explain overall strategies for recovering lost customers

Explain overall strategies for recovering lost customers. Include as much detail as possible in your answer, but focus your answer on feeling customer pain as described in the textbook. Create a scenario where a customer has come to you and is very u..

  What are some more common restrictions on the activities

What are some more common restrictions on the activities of multinational corporations in host countries? Your 200 word answer should focus on selecting and organizing your most relevant comments in a coherent fashion.

  Explain how marginal analysis affects goods and services

Explain how marginal analysis affects goods and services, efficiency, equity, and the market economy.

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