How should the government decide what the optimal level of deterrence is

Q: Will the Vaccines Bring the US Economy Near to Recovery?

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A: Fatal disease - disease that have high probability that the patient will die.

Q: Describe, with a diagram, what a Marginal Abatement Cost Curve shows and how it can be used for…

A: Abatement cost and Marginal abatement costs:- These costs are the price of removing undesired…

Q: Ali Receives Utility From (D)omestic Vaccines from Kayseri, and the Sinovac Vaccine-(F)oreign. The…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: What was the death rate of coronavirus pandemic 2019-2020?

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Q: Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Why is the CMS option marginally preferred to the FMS option?

A: The true calculation of IRR (internal rate of return) for a mixed investment project is necessary.…

Q: With regards to the law of demand and supply, if you are the manager of a dressmaking shop, what…

A: The law of demand says that there is an inverse association between the price of a service and…

Q: What is the relevancy of the "Prisoner's Dilemma"in explaining government intervention?

A: A prisoner's dilemma is a scenario in which two teams behaving logically make a sub-optimal decision…

Q: Why might nudges be particularly useful and effective in changing decisions related to health care?

A: Nudge theory is a concept in which positive reinforcement and suggestions can help in influencing or…

Q: Does the public's expectation of a policy influence its effectiveness?

A: Answer: Yes, the public expectations of a policy influence its effectiveness. People form their…

Q: A consumer has utility u(I) = VI and income $1,000. When sick, the consumer must go to the doctor,…

A: U = I0.5  Income = $1,000 Visiting the doctor without insurance = $400 Probability of getting sick…

Q: The figure below represents the drone market. Suppose a new law prohibits the sale of drones without…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: Deterrence is based on the assumption that human beings are ____ A. Motivated by monetary gain B.…

A: According to the deterrence theory, the criminal punishment reduces the amount of crimes in an…

Q: What is Moral Hazard, and how does moral hazard affect the likelihood a population demands medical…

A: Moral hazard means when any party or entity try to take advantage of the benefit that they have or…

Q: Which of the following is an example of adverse selection?      A) Individuals who have a history…

A: Asymmetric information occurs when there is unequal information between two parties. In this…

Q: Suppose that speeding imposes externalities on other people resulting in a social cost of $50. A…

A: We are going to use Learned hand formula to answer the question 13.

Q: what is a way to increase the production of undersupplied goods with positive spillovers?

A: Positive externalities or spillovers are the beneficial side effects arise from the consumption or…

Q: What is infation? Suppose an individual’s retirement plan consists of putting$100 into a safe. What…

A: Definition:  Paul Samuelson (American economist) defines as " a rise in the general level of…

Q: What is the Economic Impact of Coronavirus Due to Travel Losses?

A: As the Coronavirus pandemic has struck the entire globe there is one industry the travel industry…

Q: In order to cope with high levels of supply uncertainty, a firm would use this strategy to reduce…

A: Supply: It refers to the goods and services supplied in the economy with the help of various…

Q: When is the appropriate time to invest, Is it today or after pandemic? Why not? 2. Is is right to…

A: The investment measures is an aspect of the macroeconomic policy wherein the countries have…

Q: In economic terms, moral hazard is the negative relationship between the out-of-pocket price of the…

A: Answer: Moral hazard: moral hazard occurs when one party changes his/her behavior after buying…

Q: What is moral hazard?

A: Asymmetric information arises in the market, where one of the parties involved in the transaction…

Q: Define political risk assessment (PRA)?

A: Political risk assessment (PRA) which is also known as political risk analysis is a tool in risk…

Q: What are the 3 main factors, that fueled the rise of AI?

A: An economic factor is one that has the potential to alter and influence a person's financial…

Q: How do preferences on the available vaccine for COVID19 affect or contribute to microeconomics?…

A: The word "Micro" means "Small" and "Economics" is the subject matter that deals with the economical…

Q: what does Philips' curve show

A: Phillip's curve was given by A.W. Phillips in 1958.

Q: In the RAND study, two plans had full coverage for spending within the hospital, but one had a $150…

A: Here, note that this incentive patients are bound to utilize ambulatory care since it somes cash and…

Q: Give an example of supply and demand during the pandemic

A: The supply and the demand of the pandemic would result in the market forces of the demand and supply…

Q: How have conmunications changed over the past 30 years? For the better or worse?

A: Employees receive information about what is changing, how it will affect them, and what they should…

Q: Give at least five examples of hemogeneous products and their substitute

A: Homogeneous products are those products which have perfect substitute of it and both the goods give…

Q: Briefly explain what is “signaling” (from an economist’s view) and how it may reduce adverse…

A: Answer:  Signaling: when a party with more information credibly conveys its true features or…

Q: What is mean by The spillover effect?

A: An important example of spillover effect is U.S.-China trade war. Since early 2018, the United…

Q: Why is countertrade considered inefficient?

A: Meaning of Countertrade: The term countertrade refers to the situation where it differs from…

Q: The deterrence hypothesis, outlined in the abstract and introduction of Gneezy and Rustichini's…

A: According to the deterrence hypothesis, criminals are rational actors who assess the costs and…

Q: information refers to a market where one side (either the buyer or the seller, but usually the…

A: One of the effective ways of approaching asymmetric information is by screening. Screening is the…

Q: Why is information asymmetry not a problem if both parties to an agreementwant the same thing?

A: Asymmetric Information this is a situation where one party has different information or knowledge…

Q: big to fail” was a common buzz phrase during the Great Recession. The idea behind it is that certain…

A: Economists refer to a severe, protracted economic downturn as a "great recession" A recession is a…

Q: Ali Receives Utility From (D)omestic Vaccines from Kayseri, and the Sinovac Vaccine-(F)oreign. The…

A: Since you have posted a question with multiple parts, I have solved the first three parts for you.

Q: what is the significance of Consumer Preference to government agents?

A: Understanding consumer preferences can help you predict consumer demand because it determines what…

Q: Which of the following is FALSE related to the Bank Run game ? A. Player 1 has 4 strategies in the…

A: A Bank Run Game is defined as a game in Game theory where all depositors deposit $1000 at an…

Q: Again, suppose the first bill that is introduced mandates that security be improved so that the…

A: The production possibility curve refers to the downward sloping curve which is concave to the…