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Discuss the following 2013 What feature(s) of Medicare would cause an economist to say that Medicare stinks as insurance"? Medicare supplement insurance is available from the commercial market and most commonly covers up-front deductibles and least commonly covers high-end risks. Does this model of coverage afford well or poorly with the model of demand for insurance set forth? What should we conclude from this?
Assess the role of the Federal Reserve in mitigating the negative impact of the 2008 financial meltdown on the economy.
Explain how would a citizen whose income is in the bottom one percent talk about scarcity and trade-offs.
George, who owns and runs Tots Poses, expects to encounter an average of eight customers per day, each with a reservation price shown in following table. What are total revenues, average revenues and marginal revenues
Elucidate how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated with a decision to purchase a home.
Trade liberalization leads to a "race to the bottom" in environmental standards. Make the argument and counter-argument, present the following data;
Explain how should it be allocated. Explain hardwood usage in the two lines of product are.
What will the new Lerner Index be after some time with the new demand curve and market price of 30? What firms survive the new demand curve in the industry and why?
Elucidate the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
Describe what a manufacturer of each product might do in the short run to increase production.
Elucidate why are shortages or surpluses more likely with preset costs, such as those on tickets, than flexible costs
Describe the free trade equilibrium. Then compute and graph the following effects of an import quota that limits imports to 100 bags.
Based on this example, discuss and defend whether or not big countries such as the United States should be worried about what is happening in small countries such as Greece. Elucidate general conclusions from this case that might be applied elsewh..
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