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Medicare and the economics of health care
One method commonly used by both governments and private health insurers to control the growth in private health insurers to control the growth in health care spending are limits to reimbursement to providers. How can these limits to reimbursement be viewed as the exercise of monopsony power? To prevent health care providers form prescribing more services it is often common to limit approval of services to health care recipients. How is this practice affecting recipients of Medicaid and Medicare?
Assume you executed a 90-day forward contract to exchange 100,000 Swiss francs into US dollars. How many dollars would you get 90 days hence.
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
Illustrate what factors will increase or decrease the level of international capital mobility between one nation and the rest of the world.
Assume the Federal Reserve purchased gold or foreign currency. How would this purchase affect the domestic money supply.
What is the income elasticity? Interpret the elasticity in a mathematic and economic context -- what does this number tell you? Is the own price elasticity consistent with economic principles? Explain.
Let the market demand for rye bread be given by Q = 500 + I - 250P rye + 400P wheat , where Q is monthly demand in number of loaves, I is average monthly income in dollars
Assume the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses during the past several years.
Write a brief explanation of each of the following terms. import tariff, effective rate of protection
Which of the following is the result of competing through advertising for a monopolistically competitive firm? Which of the following is true about advertising?
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
Show the weekly relationship among output also number of workers for a factory with a fixed size of plant.
Assume the Disney Company was experiencing above normal benefits. What would you predict would happen over time
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