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The notion of a human right to health and welfare services is controversial. Arguments range from those who believe government should have only a small role in providing for its citizens i.e., that government should provide a limited safety net for people who are unable to provide for themselves. Others argue for more than just access to health care - and that providing only a limited safety net constitutes the "ambulance waiting at the bottom of the cliff".
The demand for ice cream is given by QD = 20 − 2P, measured in gallons of ice cream. The supply of ice cream is given by QS = 4P− 10. Suppose that government legislates a $1 tax on a gallon of ice cream, to be collected from the buyer. As a result of..
Which of the following statements about U.S. international trade is correct? a) Services account for about 25 percent of our exports to the rest of the world. b) About 50 percent of our imports and exports are goods and 50 percent are services. c) Mo..
A grocery store in a small town has a supply curve for oranges that is given by the equation P=1/10Q+1. The store faces a weekly demand curve for oranges given by P=16-2/5Q where price is measured in dollars and quantity is measure in bags of oranges..
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..
Suppose the economy has a natural rate of unemployment of 6%. Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we wxpect to see in this economy?
If the student earns 0.75% per month interest on the money she saves, how much money is the monthly savings?
Describe the point at which diminishing returns occurs. indicate the points that delineate the 3 stages of production.
how will Kristine s consumption pattern and welfare be affected
How can domestic market be protected - In a two-period model of market entry with horizontally differentiated products and exogenous switching costs, it is demonstrated that the mere existence of switching costs and AD-rules may result in an anti-..
Consider a monopolistically competitve market with N firms.each firms's business opportunities are described by the following equations: how does N, the number of firms in the market, affect each firm's demand curve? why? ?how many units does each fi..
Suppose that two countries are exactly alike in every respect except that the citizens of country A have a higher depreciation rate than the citizens of country B. a) Which country will have the higher level of output per worker in the steady state?
Summer concerts are a pure public good in the town of Bucktown, The marginal social cost of each concert every night is at $500. Explain why it would be inefficient to require each resident of Bucktown to hire their own band at $500 for each concert.
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