Health care act center on the efficiency of the government

Assignment Help Business Economics
Reference no: EM131194483

Respond to the following questions: •Many would argue that in a capitalistic economy, the government cannot provide goods and services as efficiently as the private sector. For example, most arguments for and against the Affordable Health Care Act center on the efficiency of the government in managing and operating a health care system. Do you think the government can provide goods and services to the public as efficiently as or better than the private sector? Support your conclusions with examples and applications. •In a free-market economy, firms face some degree of uncertainty, or risk. Some of this risk is controllable, and some is not. Identify the different types of risk that a business might encounter in the marketplace and identify whether they are controllable or uncontrollable. How can a business incorporate risk into the decision-making process?

Reference no: EM131194483

Questions Cloud

The marginal revenue curve for monopolist : The demand curve faced by a monopolist: The marginal revenue curve for a monopolist:
In the simple monetary policy rule : In the simple monetary policy rule, a large m means that the central bank is aggressive fighting inflation. If the monetary policy parameter m changes, there is a movement along the AS curve. When the Federal Reserve lowers the nominal interest rate ..
Unrelated economic time-series exhibit strong correlation : What is the relationship between Maximum Likelihood Estiamtion's second-order conditions and the standard errors of the coefficient estimates? Why might two unrelated economic time-series exhibit a strong correlation?
What is the real value of output : What is the real value of output (Q)? Enter your response as a whole number. _______billion. Now assume that the Fed increases the money supply by 10% and the velocity remains unchanged. If the price level remains constant, by how much will real outp..
Health care act center on the efficiency of the government : Respond to the following questions: Many would argue that in a capitalistic economy, the government cannot provide goods and services as efficiently as the private sector. For example, most arguments for and against the Affordable Health Care Act cen..
The firm will encounter no fixed costs : The firm will encounter no fixed costs, and all revenue is after taxes. As your firm has been granted an exclusive contract, your pricing and output decisions will be those of a monopolist.
How old are you in your mental outlook on life : How old are you in your mental outlook on life? Physically? Chronologically? Also, take some time to look outside yourself and observe others around you. How old are your parents in each of these categories?
The inverse aggregate supply function for good : Suppose that the inverse aggregate supply function for a good is P^s(q) = 7 + 4q and the inverse aggregate demand function is P^d(q) = 214 - 5q. Suppose that the market for the good is perfectly competitive. Solve for the equilibrium price and quanti..
Management do to create enhanced productivity levels : As a member of the Board of Directors of General Motors Corporation, you are continually concerned about the level of productivity of the company's work force. What can management do to create enhanced productivity levels in order to maintain a profi..

Reviews

Write a Review

Business Economics Questions & Answers

  Non-transactions deposits

The currency-deposit ratio has been and is likely to remain relatively stable. The ratio of non-transactions deposits to transactions deposits increased by a factor.

  Marginal revenue of firm that sells product at price

What is the marginal revenue of a firm that sells a product at the price of $15 and the price elasticity of demand for the product is -2? What is the price elasticity of demand of a firm that sells a product for $20 and marginal revenue is $12? Use t..

  Some economists prefer to use term business fluctuations

Some economists prefer to use the term businessfluctuations rather than business cycles toSome economists prefer to use the term business fluctuations rather than business cycles to discuss the historical growth record in the united states because..

  Evaluate for strength according to criteria for that type

Put the following arguments into standard form for their type and evaluate for strength according to the criteria for that type. Some reconstructions might involve adding premises. One third of the 4,800 species of frog are threatened with extinction..

  What is the expected value of the gamble

You have initial wealth of $500 and are offered the following gamble. You flip a coin and if you get heads, you win $1000. If you get tails you lose $500. What is the expected value of the gamble?

  The wage elasticity of labor supply for men aged

The wage elasticity of labor supply for men aged 18-25 is measured to be 0.3. Within this group, the average weekly wage of the high school graduates is 2/3 the amount of college graduates. Assume that wage elasticity and all other individual charact..

  When transaction costs are low enough

When transaction costs are low enough, efficient resource allocation will follow regardless of the particular assignment of property rights. When transaction costs are high enough, efficient resource allocation requires assigning property rights to t..

  Identify the four basic market structures

Describe the four basic types of market structures Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure. For this assignment, in your own words, Identify..

  Characteristic of perfectly competitive market

Which of the following is NOT a characteristic of a perfectly competitive market? Recall the Application called "Wireless Women in Pakistan." What makes the wireless telephone market in the US NOT perfectly competitive? How do entry costs affect the ..

  Revolutionary armies won victories across european continent

As France's revolutionary armies won victories across the European continent, what was the French government's policy toward the newly “liberated” lands? A It set up a system of military occupation and forced the peoples in those lands to become subj..

  Why are trade agreements important for the various countries

Why are trade agreements important for the various countries involved? How is international trade related to the U.S. standard of living as opposed to the standard of living of a small industrial nation

  Discuss the freedom of speech section

Discuss the freedom of speech section of the First Amendment to the US constitution and its protection and permitted regulation, of the commercial and political speech engaged in by busniness, including justification for such regulations

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