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Principles of economic: economic and the economy by tim taylor (3rd ed)
1. What are some of the ways a seller of goods might reassure a possible buyer who is faced with imperfect information?
2. What are some of the ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whether the loan will be repaid?
3. In an insurance system, would you expect each person to receive in benefits pretty much what they pay premiums? or it it just that the average benefits paid will equal the average premiums paid?
4. What is the problem of moral hazard?
5. Define deductibles, copayments, and coinsurance.
6. What is the key difference between a fee-for-service health care system and a system based on health maintenance organizations?
7. How might adverse selection make it difficult for an insurance market to operate?
The Wall Street Journal's experience after an increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about the price elasticity.
What is the rationale for subsidizing some telecommunications services (such as Internet access) for some people and institutions? Discuss. How would Ramsey suggest that policymakers resolve the tension between universal service policies on the one h..
The demand and supply curves in the market for college education determine the equilibrium price and quantity of education. Assume the student for college education is given by Dstu = P = 9500 – 500Q and the cost to society to of providing a college ..
Look at the differences in per capita GDP growth of the following countries in 2006: What factors, such as international trades, might explain such differences in per capital GDP growth rates? What are some other potential sources of economic growth?
Will price be lower or higher as such an agreement in long-run equilibrium than would be the case if firms didn't collude.
On Feb. 12, 2015, you buy a bond that pays a semi-annual coupon of $100 on Feb. 12 (including today) and Aug. 12 until the final coupon payment on Feb. 12, 2018. In addition, the bond will pay $10,000 on Feb. 12, 2018. What is the maximum price you c..
if korean exports to the united states decline by 15 billion by how much will cumulative korean spending drop if their
In the 1990s, U.S. wine producers "were encouraged by the changing social role of their product." Specifically, the U.S. consumer had become much more attuned to wine. How did the growing acceptance of wine by consumers affect their indifference curv..
Explain how is the federal budget deficit affecting the U.S. economy. Essay should be about 400 words. How dependent is American, on the Chinese economy.
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
Given our still currently high unemployment rate (by historical standards) and low inflation rate, argue "for or against" a Supply-Side policy focus versus a Demand-Side policy emphasis.
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
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