Economics

4. What are externalities, and how do they typically affect the price of a good or service?

The intent of this paper is to explore the correlation between obesity and increased cost to companies for their healthcare coverage of all employees. Our hypothesis is that obesity is increasing the cost of healthcare company wide due to obesity and the diseased associated with this epidemic. Our null hypothesis is that the effects and treatment of obesity is not having a direct impact on the total healthcare cost of organizations.

If the government designates certain areas within a community to be "wetlands," and therefore illegal to build upon, what happens to land not classified as "wetlands" within the community?

a) (2 pts.) Which strategy offers both Westinghouse and General Electric the best financial outcome?

Obese- is becoming an “epidemic!” We have 44.3 million people that are either obese or over weight. In 1986, the numbers were at 1 in 2000, and they became 1 in 400 by the year 2000. Even our high school age students are at an all time high of 16% overweight and 10% obese. As that number keeps increasing, future projections for covering healthcare expenditures must figure in the obese-related

Despite the Obama Administration, believing that the declined health care is the uninsured, in fact the cause is from poor health in the United States. Our life expectancy for women in 1945 ranked 1st in the world and has decreased now ranking the 20th in 1999 (Battista and McCabe 1). The Decline in health “despite the nation’s wealth-or perhaps because of it-one of the most obese population in the world” (Armstrong and Wayne 2). Obesity induce various health problems that are “preventable

Crawford, D., Jeffery, R.W., Ball, K. & Brug, J. (Eds.). (2010). Obesity Epidemiology: From Aetiology to Public Health (2nd ed.). Oxford: Oxford University Press.

One of the procedures that insurers are currently engaging in is to charge obese policyholders more for premiums. Overweight applicants are routinely charged more for life insurance and employers can even charge obese employees more for health coverage. This strategy makes sense as research has shown that obese people consume more healthcare and should therefore, be charged more. This also makes sense from an adverse selection standpoint, as healthy people would not be subsidizing the sick as heavily. However, many people frown upon this idea for a variety of social and ethical reasons. The Affordable Care Act even prohibits insurers from charging more to people with pre-existing conditions (Christianson, 2014).

Obesity in the United States has really become an economic problem as well. People are spending the little money that they have and spending it on food that they shouldn’t be eating in the first place, which they should be spending their money on healthier and nutritious food, for themselves and their family. New England Medical Center, Michael Dansinger of the Tufts says:

Quick check. Compare and contrast what is the difference between a planned economy and a free enterprise system?

7. Which of the following must be true if a firm is experiencing economies of scale?

-The opportunity cost of something is what you must give up of one thing, in order to get it. Opportunity cost is a key concept of economics because it is described as expressing the basic relationship between scarcity and choice. Opportunity cost plays a crucial part in ensuring that scarce resources are used efficiently.

* In the first paragraph, discuss the relevant economic theory of your topic (your textbook is a good source for this paragraph).

Obesity has become a serious problem with more than one third of adults being obese in the United States. Obesity is seen as a self-destructive behavior accompanied with smoking and use of other drugs thus, government officials and other business bureaucrats expressed the need to impose higher health insurance premiums on the obese. Obesity is not always due to the personal behavior of people and can be linked with the environment and genetics; I personally feel that obese people should not pay a higher health insurance premium compared to those that aren’t. Government officials and other business bureaucrats

(d)   No intervention of government in market operations, i.e., a laissez faire economy, and there is no government expenditure, taxation and