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How does adverse selection affect the health insurance market? Do you think the Affordable Care Act adequately addresses adverse selection?
Common perceptions of slavery, especially in the United States, associate it with Africans. Was this the case prior to 1500? What was the racial component of slavery during this period? Examine the reasons for the differences in Portuguese involvemen..
Describe at least TWO of the positives and TWO of the negatives associated with drilling in North Africa and Southwest Asia. They are relying on petroleum production as their primary economic activity.
In thinking about monetary and fiscal policies there are a lot of models with different graphs involved. Let’s focus for a minute on some of the relationships between them. Graph an increase in the money supply and the most likely effect this will ha..
Three students have each saved . Each has an investment opportunity in which he or she can invest up to . Here are the rates of return on the students’ investment projects: Harry Ron Hermione If borrowing and lending is prohibited, so each student us..
You work for a Stock Brokerage Company (S). As part of its sales incentive program, S awards points to its salespeople for sales they make. These points can then be cashed in for vacation trips. S owns 20% of a certain fund group (M), and S's ownersh..
The economy has seen the unemployment rate increase from 6 percent to 9.5 percent, the inflation rate decrease from 2.8 percent to 1.2 percent, and there has been a 24 percent decline in consumer spending and a 45 percent decline in investment spendi..
Use an aggregate supply-and-demand diagram to show what would happen to an economy in which the aggregate supply (AS) never moved while the aggregate demand curve shifted outward year after year? (Make sure to state or show what happens to GDP and pr..
Assume that Wal-mart is the only employer of retail workers in a small town in Indiana. As a local non-discriminating monopsonist, Wal-mart faces a labor supply curve given by: Find Wal-Mart’s Total Labor Cost and Marginal Cost.
If the fed decides to use discount policy to increase the money supply what will it do? Be specific about who within the federal reserve system makes the decision, and who else is involved in the process.
Which of the following is explained by the price elasticity of demand?
Peter has just graduated from high school. He will live for three more periods, and he is considering three alternative education-work options. He can start working right away, earning $100,000 in period 1, $110,000 in period 2 (as his work experienc..
A textile firm in Argentina proposes you an investment for a period of 5 years. The initial investment is 100,000, the expenses for the first year are $10,000 (then-current) and will increase (due to usage of equipment) at rate of 10% per year. calc..
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