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What is the law of unintended consequences

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Reference no: EM131369385

1. What is the law of unintended consequences? Provide an example.

2. Is the opportunity cost of flying the same for all passengers on an airline flight from New York City to Los Angeles? Why or why not?

3. Suppose individuals who were uninsured now acquire medical insurance through an employer. How does that affect the marginal cost of medical services? What is likely to happen to the consumption of medical services as a result?

Reference no: EM131369385

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