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Which of the following are factors related to the decrease, over time, in the number of people who do not have private health insurance leading up to the Affordable Care Act (i.e., prior to 2014)? (Select all that apply).
1. Increased costs of health insurance
2. People are getting healthier, and fewer need health insurance
3. The decline in the number of highly-paid, unionized, full-time manufacturing jobs
4. Employers receive a tax-benefit to offer health insurance to employees
What is an efficient market? You may want to discuss insider trading cases. What does beta measure? How can you calculate beta?
While James was in college, he did not have dental insurance. James went to see a dentist once a year. After James graduated and started working, he bought dental insurance for himself. This insurance is a zero co-pay, no-deductible policy, so James ..
What do you understand Spencer and Kate are the only two demanders of lemonade.
What are the fixed costs? What are the variable costs? What is marginal cost? [Hint: for the marginal cost, consider making a small table and determine marginal cost for different values for Q.] Derive relationships for AFC, AVC, and ATC. What is ave..
After Iraq invaded Kuwait, gasoline prices rose dramatically – up 50 percent. There were many effects of the increased price of gasoline. Explain the following effects in terms of the income effect, substitution effect, or both effects:
Solve for the new equilibrium. Illustrate what happens to the price received by sellers, the price paid by buyers, and the quantity sold.
Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.
The market for a pack of 12 golf balls has been described by the following supply and demand functions: Depict this on your demand and supply diagram. (Hint: the new tax inclusive demand function will be: P = 91 – 5Q) What is the new market equilibri..
Discuss JIT-Just-in-Time and Lean Production - Discuss Collaborative Commerce and its benefits.
Larry Bush, was on his second audit job on the East Coast with a new client called FSK. He was looking through the past four years of financials and doing a few ratios when he noticed something odd. Bush discovered that the company was clearing the r..
How to use solow growth model to explain the long run effect of raising the saving rate on capital per worker ad output per worker. Start with an initial steady state and show the new steady state on the graph. Label the graph properly.
According to Purchasing Power Parity, if a country has a relatively high inflation rate then its currency should be depreciating. Explain.
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