Reference no: EM131169592
1) How would you define a risk –neutral person in the context of making decisions south the health insurances?
2) What is meant by a loading fee when considering the price of an insurance policy? Why is the loading fee a higher proportion of the premium when people choose low deductibles?
3) Define moral hazard and provide an example
4) What are the advantages and disadvantages of community rating of health insurance consider both equity and efficiency.
5) What are the main determinants of health disparities and how can these be modified to improve health status in society?
6) Why is health equity important in society and why would it be financially feasible in the health economy?
7) What are the pros and cons of interventions that are individually based versus population based?
8) Suppose that licensure requirements become more stringent so that fewer physicians will be able to practice medicine. What would happen to the supply curve for physician services? Explain.
9) Suppose that there is a high demand for a new diet drug on the market. What would happen to the supply of the drug?
10) Suppose that you are a manager of a large healthcare system and the reimbursement fees for services rendered has changed significantly during the period. What is your short –run elasticity with respect to price and would this change over longer planning horizon? How?.
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Consider the sequential game
: Consider the following sequential game. Firm A must decide whether or not to introduce a new product. Then, Firm B must decide whether or not to clone firm A's product. If firm A introduces and B clones, then firm A earns $1 and B earns $10.
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Technological challenges might those companies face and why
: Characterize the future of US-based companies desiring to expand overseas within the next 5 years. What political, economic, and technological challenges might those companies face and why? How can they be overcome?
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Market system scarce goods
: In a market system scarce goods are allocated through the operation of what must be sacrificed in using a resource for its next best use.
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Briefly discuss the origin and motivations of the luddites
: Briefly discuss the origin and motivations of the Luddites of the early 19th century. Do you think the Luddites were successful in their endeavors? What could they have done to better influence the role this technology would have in their lives? Are ..
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Define moral hazard and provide an example
: How would you define a risk –neutral person in the context of making decisions south the health insurances? What is meant by a loading fee when considering the price of an insurance policy? Why is the loading fee a higher proportion of the premium wh..
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What was cyclically adjusted budget deficit-surplus for year
: Suppose the federal budget deficit for the year was $100 billion and the economy was in a recession. If the economy had been at potential GDP, it is estimated that tax revenues would have been $60 billion higher and government spending on transfer pa..
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Which do we predict will earn more money
: Two PGA tour golfers have the same average score, but one has a higher variance of score than the other. Which do we predict will earn more money?
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The demand curve was vertical and all supply curves
: Jacob Viner originally envisioned a situation where, in the demand/supply graph of a trade-diverting customs union, the demand curve was vertical and all supply curves (including the supply curve of domestic producers) were horizontal.
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Trade creation in context of formation of customs union
: Define “trade creation” in the context of the formation of a customs union. Then, using a demand/supply diagram of a (small) home country for a good that is produced at home and would be imported if there were no tariff, illustrate and explain how th..
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