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1) Suppose the U.S. government's tax policies on employer health coverage were to be changed. In particular, suppose health premiums paid through the employer were no longer tax exempt. In its place, the government provides a 25% subsidy for all employer health expenditures. That is, the government gives a tax credit to the employer worth 25% of expenditures. How might this new policy impact who gets insurance? Will there still be a tendency for plans that have relatively high premiums and low OOP costs? In a paragraph or two, concisely answer these questions and clearly explain your reasoning.2) Individuals without health insurance impose substantial negative externalities on those who do. In a paragraph, list some of these externalities and briefly describe their signficance.3) Comparative Health Care Systems.a. In a paragraph (or two), summarize the major features of the health care systems for one of the following nations: Britain, Germany, Switzerland, Taiwan, or Japan.b. In a second paragraph (or two), speculate on which specific elements of the health care system for the country you've chosen would be good for the U.S. to emulate, and which would not. There is no right or wrong answer for this part, scoring is based on thoughtfulness, clarity of your answer, and using economic ideas correctly.4) Let's divide medical care into two groups: Routine and Catastrophic. We'll define Routine care as being essentially predictable and relatively cheap. Catastrophic care strikes individuals more or less randomly and is rare. Some have catasrophes, most don't, but when it does strike it is devastating and extremely costly. In the end, suppose 25% of health expenditures are for Routine care and the remainder is for Catastrophic care. In a paragraph (or two), compare the following two insurance policies: a) 25% coinsurance for all medical care (the individual is responsible for 25% of the bill); b) 100% coinsurance for Routine care, 0% coinsurance for Catastrophic care. In particular, comment on consumption smoothing, and the effect on overall expenditures from both policies.5)In a paragraph (or two), describe the "three-legged-stool" of the Affordable Care Act. How do the legs work together? Why is the stool likely to fall if one of the legs is removed?6) What is meant by "retrospective" billing of health care expenses. How can a system of retrospective billing impact health care expenditures?
Airphone, Corporation Produces cellular telephones at a processing cost of $47 each unit. The firm manufactures an average of 250 phones per week and has a yield of 87 percent good-quality phones
Illustrate with a diagram and explain the long-run perfectly competitive equilibrium for the firm and explain and illustrate using a diagram why a monopolist would never produce in the inelastic range of the demand curve.
What is the group preference and what is the group choice according to the Borda count rule? Please justify your answers.
name a good or service that you have purchased in recent months from a monopolist. How did the monopoly come to exist Do you think you would have benefitted from increased competition in the market for this good or service
What is the negative consumption externality described in this quote? Show this externality on a correctly labelled demand and supply diagram for the petrol market.
Calculate the price elasticity of demand for Einstein's Bagels and explain what it means. Derive an expression for the (inverse) demand curve for Einsteins's Bagels.
Suppose that Central Bank A's mission is to keep price level stable while Central Bank B's mission is to keep unemployment rate stable. These goals apply both to the short and long run. Explain graphically how each FED would react to a Stock marke..
Case study any global economic event or events currently or recently covered in the news media and write a critical essay applying the concept points
Choose a market for a good in your area that seems to be a perfectly competitive market. Write four or five substantive paragraphs that describes the market and answers the following questions: Identify the buyers and sellers as well as the goods o..
Provide an example of how government regulation is either constraining or enabling for a particular company indicating the impact to the operational efficiency of the company. Discuss how your response impacts maximizing shareholder wealth.
Mention five ways you are affected on a daily basis by government intervention in the market. For what reason might government be involved? Is that reason justified?
Wireless high speed internet is provided for free in the airport of the city of communityville. At first, only a few people use the service. What type a good is this and why.
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