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Pharmaceutical companies are under attack over high drug prices. Most Americans believe that they should be allowed to re-import drugs from Canada. Are pharmaceutical prices too high? If so, what is the primary cause of the high prices? Should U.S. consumers be permitted to re-import lower priced drugs from Canada? Why or why not? Should Medicare, the federal health-care insurance program, be permitted to negotiate with the industry over pharmaceutical prices? Why or why not?
Suppose your Zimbabwean bank account pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 50%. (a) What percent interest will you earn each month? (b) Suppose the weekly inflation rate in Zimbabwe is 1%. What is th..
Do you think that the tit-for-tat strategy will be successful in maintaining cooperation in cases where the repeated prisoners dilemma is being played with a finite time horizon (i.e. players know when the game will end)? Explain. Imagine that you ar..
You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
Recessions seem to show up every so often and create economic hardship. One might think that macroeconomic policymakers could tame the business cycle and implement policies that would end recessions. Are recessions a necessary fact of macroeconomic l..
Use a supply and demand diagram to show how that response will change the combined amount of consumer surplus and producer surplus in the market for cashews. Given the initial equilibrium price P1 and quantity Q1, use the shader tool provided 'Initia..
Explain economic theory of cost including fixed cost, variable cost, marginal cost and total cost with an airline application?
q.suppose that social statistical data on two macro indicators were just released in the us. the price growth for past
There are a large number of chicken farms of varying sizes on the Delmarva peninsula and together they produce huge quantities of fecal waste. Suppose that a system of tradeable permits is created in which each permit authorizes one ton of waste runo..
Based on standard monetary theory, if the Fed purchases Treasury Bills from banks:
Consider a health utility questionnaire with only 3 domains (physical role, social role, and cognitive health), each of which has two levels (no problem and some problems). Calculate the utility of a person having some cognitive problems and some so..
Would a typical hedger be willing to pay a risk premium in order to hedge by buying foreign currency forward.
Why do you suppose that employment growth is about 20 percent greater in unlicensed occupations than in licensed occupations? What do you suppose a typical state government does with the millions of dollars of occupational license fees it receives ea..
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