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Which of the following statements about the healthcare system in China is false? Recent healthcare reforms in China a) aimed to provide universal healthcare for all. b) have considerably improved the nation’s health outcomes. c) have not led to a significant decrease in the nation’s health expenditures. d) encouraged an increase in the public share of the nation’s health expenditures. e) have led to a significant reduction in the share of healthcare expenditures individuals have to pay out-of-pocket.
The set-up cost per lot is estimated to be $40, and the manufacturing cost has been established at $5.20 per unit. Interest, insurance, taxes, space, and other holding costs are $3.10 per unit per year. Calculate the economic manufacturing quantit..
Suppose nuclear power plants are banned in the U. S. What are the opportunity costs of this decision?
Suppose that the tax of $28 is levied on each item sold by a monopolist, and as a result, it decides to raise its price by exactly $28. Why might this decision be against its own best interests?
Discuss how changes in household disposable income, housing and stock wealth, and debt-generated movements along and shifts in the U.S. saving function. Explain these effects, assuming other things were equal.
Suppose the demand for a product is Q = 1200 – 4P; supply is Q= -240 + 2P. Say, marginal external damage is $12 per unit. What is the socially optimal quantity? How many more units will the free market produce? Calculate the deadweight loss associate..
There are a number of measures of aggregate economic activity, such as GDP, GNP, national income, personal income, and disposable personal income. Each of these measures can be a good indicator depending on the issue under consideration.
A new government (the Atreides) takes over and wants to encourage the efficient quantity of water to be sold. Describe at least three options for the new government to deal with the inefficiency created by this monopoly. Discuss the benefits and draw..
Identify each of the following scenerios affects the short-run aggregate supply curve. (Increase, Decrease, or no change) the US government increases minimum wage. widespread adoption of the Internet by businesses increases productivity and efficienc..
The present value of a dollar rises as
Assume that a country’s real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely?
Illustrate what entity establishes a cost ceiling and does it require government sanction for violators. Will it result in a surplus or a shortage.
At the 2013 Winnebago County Fair a vendor is offering a "fair special" on sandals. If you buy one pair of sandals at the regular price of $50, you get a second pair at a 40% discount, and a third pair at half the regular price. Javier took advantage..
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