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Explain the effect of a third-party-payer system on equilibrium price and quantity. I have a neighbor who had bi-pass surgery that cost us all $150,000 and he was 90 years old. This is a 3rd party example where he only has a few years left but was not able to pay to have the surgery done but we taxpayers paid it. Explain if this is an example of 3rd party payer system and it what way you believe it to be the case?
Utilize the equation to give as much information as possible about the demand for potatoes.
ECP 2023, Spring 2014: With reference to a diagram, show and explain how a market, left on its own, will tend toward an equilibrium in which there is neither a surplus nor a shortage of the product.
Illustrate economic evidence is required to determine whether there are long-run increasing returns to scale in banking.
You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
Elucidate how each of the following will affect the consumption and saving schedules (as they relate to GDP) or the investment schedule.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
Identify and define three components of a country's balance of payments. Describe the historical process of trade barrier reduction.
Illustrate what would you expect to happen in the general economy if these rates are all increased.
the government needs to reduce smoking by 20%, by how much should it increase the price.
State are you for or against free trade. Are you for or against NAFTA? What is the economic basis for trade
What is the opportunity cost of going to a doctor to be examined for skin cancer? Would eliminating research reduce or increase the cost of U.S. health care?
According to moderate growth your return will be 8 percent. If there is a rapid expansion, your portfolio will return 15 percent.
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