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Imagine a community with only one insurance company that provides coverage to everyone in that community (a universal insurer). Currently, the payer does not pay anything for physician office visits. However, bowing to intense lobbying pressure, the payer will pay 80% of the cost of these visits effective January 1. Describe the likely effect on demand curves for office visits to a physician as a result. What do you suppose will be the intended and unintended consequences?
What is market failure? If market failure is present, does this imply that government intervention will lead to a more efficient allocation of resources? Why or why not?
FRED reports that the University Michigan Consumer Sentiment Index was 82.5 in June 2014 and 96.1 in June 2015, the most recent month reported. Explain how this change affects the bond market, the money market, the international exchange market for t..
Use the graph to illustrate the economic concepts of scarcity, unemployment, inefficiency, and opportunity costs. When possible, use data points on the graph to accompany your verbal explanation.
q1. are there any hiring standards that should be avoided? identify them also explain why they should be avoided?q2.
In the early 1970s, the six largest manufacturers of ready-to-eat breakfast cereals shared 95 percent of the market. Over the proceeding 20 years, these manufacturers introduced over 80 new varieties of cereals. How would you evaluate this strategy f..
Convert this into a truth table. All the brand values are related to psychological feelings of the consumers. If the seller is able to maintain good brand value in the minds of the consumers, they will definitely lead the market.
Describe where the liquidity-demand/money supply equilibrium appears on the graph. Suppose in this period the interest rate is i0. Is this higher or lower than the equilibrium interest rate? Will next period’s interest rate be higher or lower than th..
How might it be possible for the unemployment rate to still increase? Provide an example, i.e., provide a scenario with numbers, to support your answer
Arguments for public subsidies for education are based upon: The cobweb model of educational attainment is most likely to be applicable when:
q.briefly what is probability1 work the following problems 2 tell me what rule or principle you used to solve them and
Discuss opportunities to expand in U.S., what would take and potential hurdles firm would have to overcome. Be sure to identify specific retail companies that could potential sell CPI's products, markets that would be attractive and some of financ..
When most consumers and firms reduce spending only because they expect other consumers and firms to reduce spending, and a recession results, A. a real-business-downturn has occurred. B. a self-correction has occurred. C. a coordination failure has o..
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