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1. Explain one strength and one weakness of the single payer model for national health plan
2. Explain one strength and one weakness of the employer mandated model for national health plans
If the economy's output is initially above full employment and if prices are rising, which of the following policy combinations could restore full employment and keep the exchange rate at the same level? Contractionary monetary policy and expansionar..
Calculate the elasticity of demand as a function of Q. Does firm's profit maximization problem satisfy the global SOC? Using your answer 1,2 question, what is firm's profit maximizing markup?
What is the role of prices in a market economy. What is the main shortcoming of a centrally planned economy?
(Consumer Surplus) suppose the linear demand for shirts slopes downward and that consumers buy 500 shirts per year when the price of shirts is $30 and 1,000 shirts per year when the price is $25. compared to the prices of $30 and $25, what can you sa..
ZZ Tire Company started as retail installer of tires on cars 10 years ago. They now have 400 retail stores, installing about 10,000 tires per store per year and selling a total of 4 million tires. 5 years ago, they decided to start manufacturing thei..
The U.S. government bought 112,000 acres of land in south eastern Colorado in 1968 for $17,500,000. The cost of using this land today exclusively for the reintroduction of the black-tailed prairie dog
Understand the underlying axiom of rationality as self interest and evaluate its analytical strengths and limitations in explaining economic behaviour.
An interest rate of 10% compounded continuously is desired on an investment of $15,000. How many years will be required to recover the capital with the desired interest if $2,030 is received each year?
Draw a simple circular flow diagram showing the flow of dollars, goods & services between households & firms. Explain why the dollar flow out of households and into businesses must be equal. Is the same true in the expanded circular flow? Explain. Su..
In supply and demand theory, an increase in consumer income for a normal good will:
How did political revolutions in the Atlantic Ocean basin affect or alter the institution of slavery and the lives of slaves? What were the long-term consequences of revolutionary ideologies for peoples of color?
Comparative Advantage Do you know of a product for which your state has a comparative advantage? Explain how this might affect trade with another state.
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