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Class: Health Economics
Instructions: Answers should be complete and demonstrate an understanding of the issues underlying the questions.
Question: In Chapter 5 of Priceless, Goodman argues that the real goal of the Accountable Care Act (ACA) is price controls. Discuss Goodman's conclusion that price controls won't really solve the problem with health care spending and discuss his evidence that price controls will lead to other economic problems.
What can you say about the price elasticity of demand for DVD players. What will this price reduction necessarily lead to an increase in profits for DVD player manufacturers.
Briefly describe the origin and growth of government-provided pensions beginning with Germany in 1881 and attempts to establish a federal pension in the U.S. prior to 1935
q.consider the application of the demand-revealing process to land assembly that we discussed in class. we defined d as
Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don’t need to have exact answers but explain the direction of change in the demand and/or marginal cost curves.
What market structure does the sale of cellphones in the USA represent? Why? How has it changed since the monopoly of Ma Bell? Provide examples.
Explain how would you expect each of the following events to affect the amount they save each month.
Assume that inflation is currently 4% but the Fed’s inflation target is 2%.
When the economy is on the short-run aggregate supply curve and to the left of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as: nominal wages fall and the short-run aggregate supply curve shifts ..
What does the Taylor rule imply that policymakers should do to the fed funds rate under the following scenarios?
A profit maximization perfectly competitive firm face the following function total cost function. TC=10Q^2+50 and marginal revenue (MR)=10 based on the above information a) Calculate total revenue function
Currently a firm pays 10% of each employee’s salary into a retirement account, regardless of whether the employee also contributes to the account. Some people at the firm think this change will lead employees to save more and therefore to be able to ..
Illustrate what ranges of the money growth rate (assuming positive values) would allow the Bank of Korea to achieve this objective.
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