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Most systems of medical insurance substantially lower the out-of-pocket costs consumers have to pay for additional units of physician services and hospitalization. Some reduce these costs to zero. How does this method of payment affect the consumption levels of medical services? Might this method of organization result in "too much" consumption of medical services?
In most developing countries, there are long lines of taxis at airports, and these taxis often wait two or three hours. Illustrate what does this tell you about the price in the market. Carefully Explain with supply and demand analysis.
Among which of these methods of encouraging growth would you suggest to a newly industrialized economy.
Explain why the FOMC opted to include language about the specific level of unemployment it wants before it might consider possibly increasing the Federal Funds rate. What is the expected benefit, and what might be the cost?
In the 1990s Japan reduced its exports of automobiles to the United States by 28 percent. If you were the manager of a US car dealership, explain how would this affect your pricing strategy.
In economics, demand for a product is considered downward sloping. This implies that quantity demanded rise when price reduce.
What are the advantages and disadvantages of a fixed exchange rate system. What are the pros and cons of a floating exchange rate system.
Utilizing the economists model of individual choice comparing the marginal costs and marginal benefits of a choice.
Illustrate what would happen to the demand for iPhones if consumer income rises by 10%. Be specific. Are iPhones a normal or an inferior good.
Tangible would be the treatments themselves, i.e. the alterations they make. Intangible would be the uplifting experience, the sense of well-being, increased confidence etc.
The Government budget has been making at a deficit of approximately $60 billion for the last year, up from $50 billion the previous year.
Affects of investment of ldc:-Pick one country that has done well with investment(All good point)-Pick one country that has failed with private investment.
Which of these methods of encouraging growth would you suggest to a newly industrialized economy,
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