explain State policies that mandated the release of physician report cards were greatly beneficial to consumers by allowing them to more efficiently search for high quality surgeons
Q: 3. Categories of expenditures Larry and Megan Smith live in Swarthmore, PA. Megan's father, Raphael,...
A: Aggregate demand is the sum of consumption, investment, government spending and net exports in an op...
Q: Q1) Assume a market of a specific good. The demand and supply equation is as shown below: P = 70 - 3...
A: PD= 70-3QD PS= 5+2QS
Q: 2. Who in an economy is the big winner from inflation? Explain.
A: In an economy, inflation is the market situation when general market value of goods and services inc...
Q: A Maximum Price set below the equilibrium price is called a______
A: Price ceiling A Maximum Price set below the equilibrium price is called a Price ceiling. The term "p...
Q: what pricing approach is it when a ticket speculator buys and then resells tickets?(eg. concert tick...
A: The answer is - 2.Peak Load Pricing
Q: Ms. Wong is a fitness trainer providing personal fitness training courses to her customers. She can ...
A: Introduction: The profit-maximizing level of production of a monopolist is determined by equating it...
Q: If we found that one manufacturer of televisions constantly was the first to announce any change in ...
A: It is an example of price leadership. because Price leadership describes a situation in which a domi...
Q: 4. Suppose the unemployment rate is 11%, the total working-age population is 110 million, and the nu...
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...
Q: 1. Design an algorithm to test whether there is at least one common element between two sets of numb...
A: Solution:- 1. You wish to know what elements are shared between two arrays. This is the most straig...
Q: When you use GRETL, how do you run a model for a generalised least squares guess?
A: ▪︎Gretl is an econometrics-focused open-source statistical programme. Gnu Regression, Econometrics, ...
Q: 1.) (a) The foreign exchange policy of country has important functions in a country's economy. The g...
A: The measure that depicts measuring one currency in terms of another currency in order to maintain pa...
Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. If the central bank...
A: Open market operation refers to the selling and buying of government bonds by the central bank.
Q: Which of the following is true about utility? O Utility same for all the consumers O Utlity is subje...
A: 1st option - incorrect Utility is not same for all consumers. It varies from person to person. 2nd...
Q: Consider a product market with three consumers X, Y and Z with demand function QX = 6 – PX, QY = 3 –...
A:
Q: What forces may be at work in giving the Millennium Development Goals such a high profile in interna...
A: There are 8 goals that can be considered under millennium development goals: 1- Reduction of poverty...
Q: Consider the mean cost of getting a four-year college degree. The middle interval which captures 95...
A: In this question we have to find out the population mean cost of getting a college degree with the h...
Q: Buyers as a group determine supply, and sellers as a group determine the demand of the product a. ...
A: Buyers are those who buy anything from the market. Buyers engage in the purchase of goods and servic...
Q: If the employment rate increase reine 10% to 14% the economy wi
A: Employment rates measure the number of people who are currently working and have jobs.
Q: 1) Bargaining Adam has a car in good condition that he uses daily and that he values at 4000$. Blair...
A: Surplus of a company addresses the abundance of its resources over its liabilities in addition to sh...
Q: Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + ...
A: Here, given information is: C=400+0.40Yd G=40 I=25 T=5 NX=-25 To find: consumption and savings at ...
Q: In the US, drug companies receive a patent of 100 years for each drug they develop. This allows them...
A: At the center of the country's drug pricing evaluating issue is one principal reality, Drug organiza...
Q: A widespread disease has wiped out many dairy herds, and cooking with cheese has become a new trend ...
A: Here, it is given that some of the dairy herds are wipped out due to widespread disease. At the same...
Q: 8. If the central bank carries out an open market operation and buys government securities, the fede...
A:
Q: Supply, S Real Interest rate Demand Loanable funds (billions of dollars per year) Refer to the graph...
A: If only the real interest rate is taxed rather than the nominal interest, for any given interest rat...
Q: Explain the basics of foreign and domestic competition?
A: Competition is an integral part in economics, it is the basis of various forms of market. Quality go...
Q: 22. beliefs and to ignore conflicting data.
A: The measure that depicts an attitude that something or some proposition about the world is in turn t...
Q: б. ( You are given a loan on which interest is charged over a 4-year period, as follows: i. an effec...
A: The rate of interest is the cost of borrowing money or the return for lending money.
Q: What is the current unemployment rate in the United States as of January 2021? What was the unemploy...
A: Unemployment rate The unemployment rate basically refers to the percentage of the workforce that is ...
Q: The profit that Johnny got from selling fish have increased at a constant rate of P1100 in each of ...
A: To evaluate an investment, multiply the cash flows by the present value of the investment. It is pos...
Q: The four statements below each describe a different market, highlighting one teature of that market....
A: The structure that depicts the way in which firms are being categorized and differentiated based on ...
Q: bad? Whom does it help and whom does it hurt? What would be a good rate of inflation for the USA and...
A: Inflation is the sustained increase in the general price level of goods and services in an economy d...
Q: All of Ruritania’s domestic energy needs are met through nuclear fission. Energy production is the r...
A: Answer:- 1) Through nuclear splitting, all of Ruritania's family's strength requirements are met. T...
Q: Do you think that you could consume less by refusingto buy some of the things you regularly buy? If ...
A: Consumption refers to the process by which people spend their income on the purchase of goods and se...
Q: 7. The required reserve ratio helps determine the amount of money bank TRUE OR FALSE Answer: Reason:
A: The reserve ratio is part of deposit which can not be lent out by the bank. Such ratio is fixed by t...
Q: What is the advantage of capital gains treatment of income compared to expensing?
A: Capital Gains Income: One of the most sought-after investments is a residential property. The major...
Q: 3. A fall in the price level shifts the aggregate supply curve upward and decreases the quantity of ...
A: Aggregate demand (AD) is the sum total amount of commodities and services demanded in an economy at ...
Q: In the Heckscher Ohlin two good (food and cloth), two factor (capital and labour) model suppose that...
A: We use c as suffix to denote cloth and f as suffix to denote food. a. The capital constraint is Kc+...
Q: Some politicians have suggested that Conada enact a constitutional amendment requiring the federal g...
A: A government budget is a paper prepared by the government and/or other political body that presents ...
Q: Consider each scenario described below for the supply of t-shirts: • If there was an increase in pri...
A: Demand curve shows the quantity demanded by the customers at different prices in the market over a p...
Q: Match each of the numbered items in the list with the numbers in the drop-down menus: an increase in...
A: At the point when the curve moves outward the result and real GDP increment at a given cost. Accordi...
Q: A downtown bar serves a drink that UCSB students love. The profit-maximizing owner knows that any gi...
A: Demand function refers to the relation between the price and quantity that shows how individuals or ...
Q: In an Edgeworth box, illustrate that a Pareto-efficient equilibrium, point a, can be obtained by com...
A:
Q: Suppose you invest $2000 today, another $200 one year from now, and still another $800 two years fro...
A: Introduction Suppose today you have 2000 dollar then you add 200 dollar in 1 year. Then it will beco...
Q: Indicate whether each of the following statements is True or False. In each case, give a brief expla...
A: Let us one by one understand the logic behind each statement.
Q: 1. What do you understand by Trade Creation and Trade Diversion? Which one is better for a country? ...
A: 1. The increase in economic welfare that results from joining a free trade area, such as a customs u...
Q: Problem 2. (Equilibrium with Intertemporal Choice) Consider an intertemporal choice problem with Amb...
A: Given information there are 2 consumers Ambrosia and Fergus Initial endowment of Ambrosia WA=(4,1) E...
Q: Refer to the graph below. An increase in the price of agricultural products from Pg to PAwill: PA E ...
A: Demand curve shows the inverse relationship between price and quantity demanded. Total revenue is pr...
Q: If the effective interest rate is 24%, what nominal rate of interest is charged for a continuously c...
A: An effective interest rate is defined as the real rate of return on interest-paying investment when ...
Q: 2. Cross country comparisons of labor productivity. Show all work, LABEL carefully and NOTE UNITS. L...
A: Introduction capital labor ratio can be calculates as total numbers of capital stock in economy divi...
Q: Consider a firm that is currently producing a level of output that maximizes its profits. The firm g...
A: Given: Revenue of the firm = $40 million per month. Worker Compensation = $30 million Renting of ma...
Step by step
Solved in 3 steps
- Should health care providers be expected to produce outcomes data to justify their charges? How are charges determined? What drives charges? (Be sure to differentiate between costs and charges) EXPLAIN IN DETAIL.Which method(s) of payment to physicians will most likely result in higher total charges due to volume of services provided? Capitation. Salary. Fee-for-service (FFS). RBRVs. Methods based on patient outcomes.Empirical evidence suggests that state laws mandating health insurance coverage for alcoholism treatment leads to moral hazard on the part of the insured population. Given this information, what are you most likely to observe in a state that has passed such a law? A. Less use of alcohol treatment facilities B. Lower rates of drunk driving C. Higher rates of alcoholism D. Lower sales of alcohol
- Hospital has the following treatment options to reduce the incidence of Ventilator-Associated Pneumonia: For Treatment X (status quo), it would cost 50,000 with 40 percent effectiveness, For Treatment Y, it would cost 100,000 with 85 percent effectiveness, For Treatment Z, it would cost 75,000 with 65 percent effectiveness, and For Treatment V, it would cost 80,000 with 68 percent effectiveness. Is there any treatment option that is not economically rational? Explain. If hospital’s willing to pay is $1000, which treatment option it would choose? Explain. With technical innovation, suppose Treatment V increased its effectiveness to 75 percent, would your answer to question (a) above change?How do fee-for-service and capitation payment systems affect the amount of medical care the patient receives relative to the optimum amount that would be provided by the “perfect” agent? Under which system we expect to see more supplier-induced demand?How can healthcare systems address the inelastic demand for emergency care to prevent unchecked and exorbitant pricing for patients?
- The AMA has been actively involved in shaping the regulation of nursing and other health care practioners. What are the arguments for and against the AMA determining the scope of legitimate activities for other health care practitioners?Q: allowing healthcare to practice at the top of their licenses would... A: - increase barriers to entry in medical care - make the medical market more competitive - complement continued government socialization of medical care - make medical care less competitve and more likely oligopolyIdentify the NonPrice determinants of demand in the dentistry field.(per factor)
- Identify the NonPrice determinants of supply in the dentistry field. (per factor)Hospital has the following treatment options to reduce the incidence of Ventilator-Associated Pneumonia: For Treatment X (status quo), it would cost 50,000 with 40 percent effectiveness, For Treatment Y, it would cost 100,000 with 85 percent effectiveness, For Treatment Z, it would cost 75,000 with 65 percent effectiveness, and For Treatment V, it would cost 80,000 with 68 percent effectiveness. a) Is there any treatment option that is not economically rational? Explain. b) If hospital’s willing to pay is $1000, which treatment option it would choose? Explain. c) With technical innovation, suppose Treatment V increased its effectiveness to 75 percent, would your answer to question (a) above change?Hospital has the following treatment options to reduce the incidence of Ventilator-Associated Pneumonia: For Treatment X (status quo), it would cost 50,000 with 40 percent effectiveness, For Treatment Y, it would cost 100,000 with 85 percent effectiveness, For Treatment Z, it would cost 75,000 with 65 percent effectiveness, and For Treatment V, it would cost 80,000 with 68 percent effectiveness. Is there any treatment option that is not economically rational? Explain. If the hospital’swilling to pay is $1000, which treatment optionwould it choose? Explain With technical innovation, suppose Treatment V increased its effectiveness to 75 percent, would your answer to question (a) above change?