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Public interest theory and public choice theory mean the same thing.
True/False
The “keep the money at home” protectionist argument holds that US dollars should not be allowed to circulate overseas.
One of the major discussions about health care is the rising spending for health care.
With third-party payers (for example, health insurers), the quantity of services consumed rises, as does spending.
Cicero wrote that good government was when the governors/politicians worked for the common good.
An increase in the minimum wage
A restaurant/bar is analyzing its pricing of beer. It has determined that the price elasticity of demand for beer is −0.8; the cross-price elasticity for wine with respect to the price of beer is 0.9; the cross-price elasticity for appetizers is -1.4..
Suppose that rice is pays out $1000 per hectare while quinoa also pays out $1000 per hectare if the rainy season is short. If the rainy season is long, rice pays out $400 per hectare while quinoa also pays out $400 per hectare. In this scenario, to w..
Stigler argued that the variation in fees increases as buyer information decreases. Suppose you observe that each seller in a market is charging the identical price. What potentially conflicting inferences can you draw?
How much an employee, who earns a minimum wage in Washington, must contribute to employment insurance, health care costs, minimum vacation requirements, and government pension plans ?
Using diagrams show what changes in price and quantity would be expected in the following markets under the scenarios given. Also say whether this represents a change in demand or a change in quantity demanded.
Analyze the current health care delivery structure in your state (Tennessee). Compare and contrast the major determinants of healthcare market power. Analyze the main competitive forces in the your healthcare delivery system in your state.
Suppose that the current international price of wheat is $6 per bushel and that the United States is currently exporting 30 million bushels per year. If the United States suddenly became a closed economy with respect to wheat, would the domestic pric..
The management of risk is crucial to the profitability of banks. What are the most important risk management principles that involve approving loans? What is Adverse Selection? What is Moral Hazard? Why do they make the underwriting process for lendi..
Suppose the government decides to increase the tax rate on savings instruments. What will happen in the short-run? Use a graph to back up your answer. What happens in the long-run? Use a graph to back up your answer. Will GDP growth rates be affected..
Utilizing productive efficiency as guide, which nation should produce Chevrolets and which should produce Toyotas.
When is international trade an opportunity for workers? When is it a threat to workers? What is meant by the term industrial policy? How do governments attempt to create comparative advantage in sunrise sectors of the economy? What are some of the pr..
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