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In mid-2004, a carpenter from Durham, North Carolina, found out that his potentially fatal heart condition required surgery that would cost $200,000. As one of the 45 million uninsured American citizens, he could not a?ord it. So he outsourced the job to India, ?y- ing to Delhi for a heart valve replacement that would cost only $10,000, including air- fare and a side trip to the Taj Mahal! Approximately 150,000 so called "medical tourists" traveled to India for similar reasons in 2004, a growing number from the United States. They are taking advantage of lower costs and quality services-everything from airport pickups to private hospital rooms to treatments that include yoga and other traditional forms of healing. Overall, India's health care system is poor, but there is an increasing number of private medical facilities there that provide services as good as or better than those in the developed world. For example, while the death rate for heart bypass at Es- corts Heart Institute and Research Centre in Delhi was just 0.8 percent, the 1999 death rate for the same procedure at the New York hospital where former president Bill Clinton had bypass surgery was 2.35 percent.27
Internet Assignment: What can you ?nd out about the trend to outsource high-end ser- vices like these? Is it on the up tick? Is it expanding to include other services which re- quire advanced professional training?
Using supply and demand analysis, explain why improvements in farm technology may not necessarily be good for the individual farmers. Assume that the individual farmers are selling a crop that has few substitutes
Two identical firms save money from polluting. A firm's marginal saving from emitting an amount e are given by 10-2e. The two firms differ in their impact on ambient pollution concentrations. Two units of emission from firm 1 result in one unit of am..
1. show what happens to producer surplus worker surplus and the gains from trade as workers migrate from a low- wage to
Explain the basis of privities. What are the limitations to relying on privities as a basis of consumer recourse? Why is freedom an important ethical issue in marketing? Describe how the consumer's freedom may be transgressed by marketing.
Consider the pizza market in a small college town with the following assumptions: - The market is in long-run equilibrium. - Each pizza shop sells 100 pizzas per week. (For ease of exposition, suppose that each shop sells only pizza and only one size..
why do people hold their wealth in the form of money rather than another asset that will provide a rate of return
how to Write an analysis of an organization researched to examine the specific dynamics within the organization. (The organization must be approved by the instructor.) The analysis may address one or more of the following components.
Suppose the multiplier has a value that exceeds 1, and there are no crowding out or investment accelerator effects. Which of the following would shift aggregate demand to the right by more than the increase in expenditures?
Canadian firms that buy machinery and equipment from US suppliers c.cross border shoppers from Canada who shop for goods in the US retired Canadians who live in Arizona and Florida during the winter months
What is the price elasticity of demand for courses at the universities that increased their fees by 30% and is demand for these courses elastic or inelastic?
The owner-manager of Good Guys Enterprises obtains ulility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures.
Assuming the opportunity interest rate is 8%, what is the present value of the second alternative mentioned above? Which of the two alternatives should be chosen and why - How would your decision change if the opportunity interest rate is 12%?
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