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1. What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country? Do you find that the positives of state flexibility outweigh the negative or vice versa? Is it fair that similarly situated individuals may be treated differently in different states? Does this occur in other aspects of society?
2. Does Medicaid's medically needy category make sense to you? Why or why not? For example, is it a good idea to discount medical expenses so high-need individuals can access healthcare through Medicaid?
If the bank compounds interest yearly, explain how much will you have in your account on January 1, 2015
Draw and show with boxes and appropriate labeling who bears which portion of taxes. When does a price ceiling become binding and what does it create? Show in the diagram.
A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the sale of every unit to correct for the social cost of the noise pollution. The tax completely internalizes the externality. Before the corrective tax, Blow..
Illustrate what means do they use to hedge against exchange rate risk. Using this information.
Suppose that two consumers care only about the goods that they own. (The goods are private for them.) Starting from a competitive equilibrium allocation, is it possible for both consumers to be made simultaneously better off by trading with each othe..
Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. If the union negotiated a fee of $45 instead, what would you charge private pay pa..
Compute the opportunity costs of going to each concert. Based on the Cost-Benefit Principle, which concert is the best choice.
The import tariffs that President Bush placed on imported steel likely had what effect?
What are bureacrats and what do economisits argue negatively when considering them in today's economy? Provide an explantion/example of why.
How is the fact that more low-income families are sending daughters, rather than sons, so college likely to affect the female income gap in the future? Why do you think economists argue that the female wage gap will not entirely disappear unless wome..
Suppose the following were facts relating years of education to average annual income of individuals. Would you use the inductive or deductive method to derive an economic principle from these facts.
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP)...
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