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What is a disadvantage(s) of setting up a private option in the Beveridge model?
a. patients will have greater flexibility of choosing the plan that is best for their situation
b. can undermine the nation's solidarity
c. the better doctors may migrate to the private option if they end up getting compensated more thus undermining the public system
d. creates a 2-tier societal class system where the poor patients remain in the public option and the rich class are in the private option
e. b, c, and d only
The expenditure multiplier concept of the aggregate-expenditures model:
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Why is an understanding of Illustrate what development means crucial to policy formulation in developing nations. Why do you think a nation may have difficulties in agreeing on a rough definition of development.
consider the problem of carbon dioxide emissions. we will abstract away from the problem somewhat assuming there are
The following graph shows a decrease in aggregate supply (AS) in a hypothetical economy where the currency is the dollar. Specifically, aggregate supply shifts to the left from AS1 to AS2, causing the quantity of output supplied at a price level of 1..
q.the below information about the market for chocolate bars are revealed by market research demand schedule qd 1600 -
Suppose an increase in the minimum wage has raised your franchise’s labor costs. How do you respond to the higher labor costs? How will the higher labor costs affect your short-run cost curve, long-run average product curve, and average cost curve?
A bathtub model of unemployment:
In the United States, the Federal Reserve frequently engages in buying and selling of the government securities as well as other policies. In recent years, the Fed has reduced the Discount Rate several times. The Fed has also purchased substantial am..
Calculate (to one decimal place) the unemployment rate, the employment-to-population ratio, and the labor force participation rate. In addition, please calculate what the unemployment rate would have been if individuals who were involuntarily employe..
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