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PLEASE ANSWER EACH QUESTION IN THE SPACE PROVIDED BELOW. There needs to be at least 100 words per question as a WHOLE. These are BASIC questions and Answers Please no references.
o Economist George Stigler once wrote that, according to consumer theory, "if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises." Explain this statement using the concepts of income and substitution effects.
Some AIDS activists believe that health insurance companies should not be allowed to ask applicants if they are infected with the HIV virus that causes AIDS. Would this rule help or hurt those who are HIV-positive? Would it help or hurt those who are not HIV-positive? Would it exacerbate or mitigate the problem of adverse selection in the market for health insurance? Do you think it would increase or decrease the number of people without health insurance? In your opinion, would this be a good policy? Explain your answers to each question. (there are many questions in this post still only needs 100 words)
Do you favor socialized healthcare?
How does the amount of GDP accounted for by the US gov't compare to the GDP accounted for by other nation's gov'ts (particularly European nations)?
A bank advertises it pays 7% annual interest, compounded daily, on savings accounts, provided the money is left in the account for 4 years. What effective annual interest rate do they pay?
Why do some business firms pursue a triple-bottom-line outcome while others focus only on profit maximization? Please, use a real company example to illustrate your points?
a what are the reasons why the colonized region in latin america remained underdeveloped?b howwhy was the great
Media Corp. has determined that its customer base is divided into two groups: sports fans and news junkies. There are one million sports fans and one million news junkies.
Consider a market that is served by a single producer. This market has significant barriers to entry so the single producer has market power and is not likely to face any competition due to these barriers of entry. You are given the following informa..
How is real GDP growth related to the other indicators in each country? Explain. Briefly comment on the correlation between interest rate and inflation and interest rate and unemployment?
If the total expense schedule for a perfectly competitive firm is and if market price is $60, how many units of putput will the company produce?
You are the manager of a firm that manufacturers front and rear windshields for the automobile industry. Due to economies of scale in the industry
There is $2,400 an amortized discount on the bonds. Using the book value method, REE would record.
Could a nation's production possibilities curve shift outward? Describe what such a shift would mean, and discuss at least two events that might reasone such a shift to occur.
According to your estimate, elucidate what happens to the Transit Authorityas revenue when the fare increases.
Assume that an effective price ceiling is imposed by the government at Pc which is less than Pe. Show the ceiling price on your graph and discuss the following:
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