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What are main weaknesses/drawbacks with the Modicare model? What are the main problems of the U.S. health care system whose health care expenses are so high comparing with other OECD countries? Do you think that the U.S. health care system can lower its costs and thus premiums when the Modicare is brought into the United States? How?
Complete a one page answer to the following questions. Should the Federal Reserve Board of Governors remain independent? What is the strongest argument on either side?
A typical firm in Industry X has the following total cost and marginal cost functions: TC(q) = q2+210+30q. What is the variable cost of a typical firm in this industry when it produces 20 units of output. What is the equation for average total cost ..
A state government is considering construction of a flood control dike having a life span of 12 years. History indicates that a flood occurs every 4 years, on average, and causes $500,000 in damages on each occasion. If the state uses a MARR of 12% p..
In the Solow model with taxation, the government’s budget is in balance, i.e., its expenditures are equal to the tax revenues collected (Lty). Suppose that the government runs persistent budget deficits financed by additional direct and indirect taxa..
How are the executive, legislative and judical branches of government involved in the budgetary process?
In the island nation of Isolandia the GDP in period 1 is recorded as $1,600 billion. The nation runs a current account deficit of $200 billion in this period, due to which it borrows money at a market rate of interest of 4 percent. Compute the value ..
Consider an intertemporal model in which representative households choose consumption, c (subscript t), money holdings, m(subscript t+1), and bond holdings, b (subscript t+1), to maximize their utility over time, prices are perfectly flexible, and al..
Describe the significance of solute potential for plant function under water stress.
Design an experiment. Select an independent variable and a dependent variable. What are some possible extraneous variables that may cause problems? Explain how you would control for the effects these variables may have on your dependent variable. Is ..
Which of the following best describes a monopsonist? Which of the following is true of an imperfectly competitive labor market? With regard to monopsonists, which of the following is most accurate?
You have made arrangements to borrow $1,000 now and another $1,000 three years from now (End of Yr 3). The obligation is to be repaid at the end of four years. If the projected interest rates in years one, two, three, and four are 10%, 12%, 12%, and ..
Do real interest differences imply unnoticed profit opportunities for international investors? Explain.
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